NASDAQ:CHDN Churchill Downs - CHDN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Churchill Downs Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. $246.37 +0.95 (+0.39%) (As of 03/28/2023 12:00 AM ET) Add Compare Share Share Today's Range$244.09▼$248.3350-Day Range$227.57▼$254.8252-Week Range$172.75▼$258.33Volume112,813 shsAverage Volume178,300 shsMarket Capitalization$9.22 billionP/E Ratio21.63Dividend Yield0.29%Price Target$273.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Churchill Downs MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside11.1% Upside$273.67 Price TargetShort InterestBearish2.85% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.92Upright™ Environmental ScoreNews Sentiment0.69Based on 13 Articles This WeekInsider TradingSelling Shares$4.93 M Sold Last QuarterProj. Earnings Growth30.92%From $10.90 to $14.27 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.85 out of 5 starsConsumer Discretionary Sector32nd out of 264 stocksRacing, Including Track Operation Industry1st out of 2 stocks 2.4 Analyst's Opinion Consensus RatingChurchill Downs has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $273.67, Churchill Downs has a forecasted upside of 11.1% from its current price of $246.37.Amount of Analyst CoverageChurchill Downs has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.85% of the float of Churchill Downs has been sold short.Short Interest Ratio / Days to CoverChurchill Downs has a short interest ratio ("days to cover") of 5.3.Change versus previous monthShort interest in Churchill Downs has recently increased by 22.64%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldChurchill Downs has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthChurchill Downs has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of Churchill Downs is 6.23%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Churchill Downs will have a dividend payout ratio of 4.98% next year. This indicates that Churchill Downs will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChurchill Downs has received a 21.32% net impact score from Upright. The largest positive contribution comes from its "Meaning & joy" impact, which is mostly driven by its "Horse racing tournaments and events", "Shorts", and "Sweaters" products. See details.Environmental SustainabilityThe Environmental Impact score for Churchill Downs is -2.92. Previous Next 3.2 News and Social Media Coverage News SentimentChurchill Downs has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Churchill Downs this week, compared to 3 articles on an average week.Search InterestOnly 5 people have searched for CHDN on MarketBeat in the last 30 days. This is a decrease of -69% compared to the previous 30 days.MarketBeat Follows4 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Churchill Downs insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,929,200.00 in company stock.Percentage Held by InsidersOnly 4.64% of the stock of Churchill Downs is held by insiders.Percentage Held by Institutions72.61% of the stock of Churchill Downs is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Churchill Downs are expected to grow by 30.92% in the coming year, from $10.90 to $14.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Churchill Downs is 21.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Churchill Downs is 21.63, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.86.Price to Earnings Growth RatioChurchill Downs has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioChurchill Downs has a P/B Ratio of 16.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Churchill Downs (NASDAQ:CHDN) StockChurchill Downs, Inc. operates as a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow's Casino Resort and Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The Online Wagering segment offers simulcasting and interactive wagering hub. The Corporate segment includes miscellaneous and other revenue, compensation expense, professional fees and other general and administrative expenses not allocated to other operating segments. The Other Investments and Corporate segment consists of United Tote Company and United Tote Canada, Capital View Casino and Resort, Bluff Media, and minor investments. The company was founded in 1875 and is headquartered in Louisville, KY.Read More Receive CHDN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Churchill Downs and its competitors with MarketBeat's FREE daily newsletter. Email Address CHDN Stock News HeadlinesMarch 21, 2023 | marketbeat.comThese 3 Stocks Are Ready To Rally Out Of Bullish Bases (CHDN)SAP, Wheaton Precious Metals, and Churchill Downs are three stocks from very different industries, but all are near breakout points from recent pullbacks.March 28, 2023 | msn.com6 Weeks to Derby: Churchill Downs talks more on Derby contenders, trainersMarch 28, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 27, 2023 | bizjournals.comHere's how much Churchill Downs execs made last yearMarch 27, 2023 | finance.yahoo.comIs It Too Late To Consider Buying Churchill Downs Incorporated (NASDAQ:CHDN)?March 24, 2023 | americanbankingnews.comBrokerages Set Churchill Downs Incorporated (NASDAQ:CHDN) PT at $273.67March 21, 2023 | msn.comChurchill Downs releases official menu for Kentucky Derby 2023March 21, 2023 | msn.comChurchill Downs reveals official menu for Derby 149March 28, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 21, 2023 | nasdaq.comThese 3 Stocks Are Ready To Rally Out Of Bullish BasesMarch 20, 2023 | msn.com7 Weeks to Derby: Churchill Downs says tickets still availableMarch 20, 2023 | nasdaq.comTruist Securities Initiates Coverage of Churchill Downs (CHDN) with Buy RecommendationMarch 20, 2023 | americanbankingnews.comChurchill Downs (NASDAQ:CHDN) Coverage Initiated by Analysts at Truist FinancialMarch 19, 2023 | benzinga.comChurchill Downs Stock (NASDAQ:CHDN), Short Interest ReportMarch 17, 2023 | seekingalpha.comChurchill Downs lands bull rating from TruistMarch 17, 2023 | markets.businessinsider.comJMP Securities Sticks to Its Buy Rating for Churchill Downs (CHDN)March 10, 2023 | msn.comChurchill Downs renovation update: What to expect at Kentucky Derby 149March 9, 2023 | msn.comMan recovering after being shot near Churchill DownsMarch 4, 2023 | finance.yahoo.comOne Churchill Downs Incorporated (NASDAQ:CHDN) insider upped their stake by 2.4% in the previous yearFebruary 27, 2023 | msn.comExpert Ratings for Churchill DownsFebruary 25, 2023 | seekingalpha.comChurchill Downs, Inc. (CHDN) Q4 2022 Earnings Call TranscriptFebruary 24, 2023 | msn.comChurchill Downs ups term loan by $500MFebruary 24, 2023 | finance.yahoo.comChurchill Downs Incorporated Announces a $500 Million Senior Secured Term Loan A Financing TransactionFebruary 24, 2023 | finance.yahoo.comQ4 2022 Churchill Downs Inc Earnings CallFebruary 23, 2023 | benzinga.comChurchill Downs's Earnings: A PreviewFebruary 22, 2023 | finance.yahoo.comChurchill Downs (CHDN) Q4 Earnings Lag EstimatesFebruary 22, 2023 | finance.yahoo.comChurchill Downs Incorporated Reports 2022 Fourth Quarter and Full Year ResultsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CHDN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Churchill Downs and its competitors with MarketBeat's FREE daily newsletter. Email Address CHDN Company Calendar Ex-Dividend for 1/6 Dividend12/01/2022Dividend Payable1/06/2023Last Earnings2/22/2023Today3/28/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Racing, including track operation Sub-IndustryCasinos & Gaming SectorConsumer Discretionary Current SymbolNASDAQ:CHDN CUSIP17148410 CIK20212 Webwww.churchilldownsincorporated.com Phone(502) 636-4400Fax502-636-4430Employees7,000Year Founded1875Price Target and Rating Average Stock Price Forecast$273.67 High Stock Price Forecast$300.00 Low Stock Price Forecast$243.00 Forecasted Upside/Downside+10.4%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$11.39 Trailing P/E Ratio21.76 Forward P/E Ratio22.73 P/E Growth0.91Net Income$439.40 million Net Margins24.28% Pretax Margin33.64% Return on Equity60.32% Return on Assets6.78% Debt Debt-to-Equity Ratio8.27 Current Ratio0.55 Quick Ratio0.55 Sales & Book Value Annual Sales$1.81 billion Price / Sales5.13 Cash Flow$11.73 per share Price / Cash Flow21.12 Book Value$14.74 per share Price / Book16.81Miscellaneous Outstanding Shares37,430,000Free Float35,695,000Market Cap$9.28 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesWilliam C. CarstanjenChief Executive Officer & DirectorWilliam E. MuddPresident & Chief Operating OfficerMarcia A. DallChief Financial Officer & Executive Vice PresidentNate SimonChief Technology Officer & Senior Vice PresidentRebecca C. ReedChief Compliance Officer & Senior VP-Legal AffairsKey CompetitorsWillScot Mobile MiniNASDAQ:WSCCaesars EntertainmentNASDAQ:CZRNewsNASDAQ:NWSNewsNASDAQ:NWSACarnival Co. &NYSE:CCLView All CompetitorsInsiders & InstitutionsVictory Capital Management Inc.Sold 69,637 shares on 3/10/2023Ownership: 0.135%Rockefeller Capital Management L.P.Bought 180 shares on 3/6/2023Ownership: 0.001%William E MuddSold 20,000 sharesTotal: $4.93 M ($246.46/share)Voya Investment Management LLCBought 16,862 shares on 2/28/2023Ownership: 0.320%Teachers Retirement System of The State of KentuckyBought 175 shares on 2/22/2023Ownership: 0.039%View All Insider TransactionsView All Institutional Transactions CHDN Stock - Frequently Asked Questions Should I buy or sell Churchill Downs stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CHDN shares. View CHDN analyst ratings or view top-rated stocks. What is Churchill Downs' stock price forecast for 2023? 5 Wall Street analysts have issued 1-year price targets for Churchill Downs' shares. Their CHDN share price forecasts range from $243.00 to $300.00. On average, they predict the company's stock price to reach $273.67 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View analysts price targets for CHDN or view top-rated stocks among Wall Street analysts. How have CHDN shares performed in 2023? Churchill Downs' stock was trading at $211.43 on January 1st, 2023. Since then, CHDN shares have increased by 17.2% and is now trading at $247.81. View the best growth stocks for 2023 here. When is Churchill Downs' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our CHDN earnings forecast. How were Churchill Downs' earnings last quarter? Churchill Downs Incorporated (NASDAQ:CHDN) posted its quarterly earnings data on Wednesday, February, 22nd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by $0.20. The firm had revenue of $480.10 million for the quarter, compared to the consensus estimate of $473.71 million. Churchill Downs had a net margin of 24.28% and a trailing twelve-month return on equity of 60.32%. The business's revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. How often does Churchill Downs pay dividends? What is the dividend yield for Churchill Downs? Churchill Downs declared an annual dividend on Wednesday, October 26th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.714 per share on Friday, January 6th. This represents a dividend yield of 0.36%. The ex-dividend date is Thursday, December 1st. This is an increase from the stock's previous annual dividend of $0.67. Read our dividend analysis for CHDN. What ETFs hold Churchill Downs' stock? ETFs with the largest weight of Churchill Downs (NASDAQ:CHDN) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), iBET Sports Betting & Gaming ETF (IBET), VanEck Gaming ETF (BJK), B.A.D. Etf (BAD), Opus Small Cap Value Plus ETF (OSCV), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and SPDR S&P 400 Mid CapGrowth ETF (MDYG). Is Churchill Downs a good dividend stock? Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.71 per share and currently has a dividend yield of 0.29%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 4.98% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CHDN. When did Churchill Downs' stock split? Shares of Churchill Downs split before market open on Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly minted shares were distributed to shareholders after the market closes on Friday, January 25th 2019. An investor that had 100 shares of stock prior to the split would have 300 shares after the split. What is Bill Carstanjen's approval rating as Churchill Downs' CEO? 16 employees have rated Churchill Downs Chief Executive Officer Bill Carstanjen on Glassdoor.com. Bill Carstanjen has an approval rating of 100% among the company's employees. This puts Bill Carstanjen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 51.0% of employees surveyed would recommend working at Churchill Downs to a friend. What other stocks do shareholders of Churchill Downs own? Based on aggregate information from My MarketBeat watchlists, some companies that other Churchill Downs investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Alibaba Group (BABA), Intuitive Surgical (ISRG), Block (SQ), Baidu (BIDU), JD.com (JD), Boeing (BA), CRISPR Therapeutics (CRSP) and Teladoc Health (TDOC). What is Churchill Downs' stock symbol? Churchill Downs trades on the NASDAQ under the ticker symbol "CHDN." Who are Churchill Downs' major shareholders? Churchill Downs' stock is owned by a variety of retail and institutional investors. Top institutional investors include Schroder Investment Management Group (3.30%), ArrowMark Colorado Holdings LLC (1.52%), Brown Advisory Inc. (1.37%), Geode Capital Management LLC (1.29%), Nitorum Capital L.P. (1.10%) and Norges Bank (0.95%). Insiders that own company stock include Austin W Miller, Austin W Miller, Daniel P Harrington and William E Mudd. View institutional ownership trends. How do I buy shares of Churchill Downs? Shares of CHDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Churchill Downs' stock price today? One share of CHDN stock can currently be purchased for approximately $247.81. How much money does Churchill Downs make? Churchill Downs (NASDAQ:CHDN) has a market capitalization of $9.28 billion and generates $1.81 billion in revenue each year. The company earns $439.40 million in net income (profit) each year or $11.39 on an earnings per share basis. How many employees does Churchill Downs have? The company employs 7,000 workers across the globe. How can I contact Churchill Downs? Churchill Downs' mailing address is 600 NORTH HURSTBOURNE PARKWAY SUITE 400, LOUISVILLE KY, 40222. The official website for the company is www.churchilldownsincorporated.com. The company can be reached via phone at (502) 636-4400, via email at investor.relations@kyderby.com, or via fax at 502-636-4430. This page (NASDAQ:CHDN) was last updated on 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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