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NASDAQ:CHDN

Churchill Downs - CHDN Stock Forecast, Price & News

$246.10
-2.37 (-0.95%)
(As of 01/30/2023 03:19 PM ET)
Add
Compare
Today's Range
$244.42
$248.30
50-Day Range
$206.32
$248.64
52-Week Range
$172.75
$250.25
Volume
63,714 shs
Average Volume
146,417 shs
Market Capitalization
$9.20 billion
P/E Ratio
19.74
Dividend Yield
0.29%
Price Target
$267.20

Churchill Downs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
8.9% Upside
$267.20 Price Target
Short Interest
Healthy
2.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.92
Upright™ Environmental Score
News Sentiment
0.52mentions of Churchill Downs in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.59%
From $8.41 to $10.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Consumer Discretionary Sector

111th out of 274 stocks

Racing, Including Track Operation Industry

1st out of 2 stocks


CHDN stock logo

About Churchill Downs (NASDAQ:CHDN) Stock

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

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CHDN Stock News Headlines

Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Churchill Downs inks wagering deal with DraftKings
See More Headlines
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CHDN Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 1/6 Dividend
12/01/2022
Dividend Payable
1/06/2023
Today
1/30/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Racing, including track operation
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:CHDN
CUSIP
17148410
Employees
5,000
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$267.20
High Stock Price Forecast
$280.00
Low Stock Price Forecast
$243.00
Forecasted Upside/Downside
+8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$249.10 million
Pretax Margin
39.28%

Debt

Sales & Book Value

Annual Sales
$1.60 billion
Cash Flow
$9.75 per share
Book Value
$8.02 per share

Miscellaneous

Free Float
35,668,000
Market Cap
$9.20 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Mr. William C. Carstanjen (Age 55)
    CEO & Director
    Comp: $6.77M
  • Mr. William E. Mudd (Age 52)
    Pres & COO
    Comp: $3.87M
  • Ms. Marcia Ann Dall CPA (Age 59)
    Exec. VP & CFO
    Comp: $2.12M
  • Mr. Chad E. Dobson
    Chief Accounting Officer & VP
  • Mr. Nate Simon
    Sr. VP & CTO
  • Mr. Nick Zangari
    VP of Treasury, Investor Relations & Risk Management
  • Mr. Bradley K. Blackwell
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Jason Sauer
    Sr. VP of Corp. Devel.
  • Ms. Katherine Armstrong
    Sr. VP of HR
  • Mr. Michael W. Anderson (Age 52)
    Sr. VP & Pres of Churchill Downs Racetrack













CHDN Stock - Frequently Asked Questions

Should I buy or sell Churchill Downs stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month target prices for Churchill Downs' stock. Their CHDN share price forecasts range from $243.00 to $280.00. On average, they expect the company's share price to reach $267.20 in the next twelve months. This suggests a possible upside of 8.8% 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 at the beginning of 2023. Since then, CHDN stock has increased by 16.1% and is now trading at $245.49.
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, February 22nd 2023.
View our CHDN earnings forecast
.

How can I listen to Churchill Downs' earnings call?

Churchill Downs will be holding an earnings conference call on Thursday, February 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) announced its quarterly earnings results on Tuesday, October, 26th. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.14. The firm had revenue of $393 million for the quarter, compared to the consensus estimate of $406.76 million. Churchill Downs had a net margin of 28.43% and a trailing twelve-month return on equity of 66.95%. The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share.

How often does Churchill Downs pay dividends? What is the dividend yield for Churchill Downs?

Churchill Downs announced an annual dividend on Wednesday, October 26th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.714 per share on Friday, January 6th. This represents a yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 1st. This is a positive change from the stock's previous annual dividend of $0.67.
Read our dividend analysis for CHDN
.

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 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 6.89% 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 on the morning of Monday, January 28th 2019. The 3-1 split was announced on Wednesday, October 31st 2018. The newly created shares were payable 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 number of institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (0.59%), Copeland Capital Management LLC (0.39%), Community Trust & Investment Co. (0.16%), Community Trust & Investment Co. (0.16%), New York State Teachers Retirement System (0.08%) and State of Alaska Department of Revenue (0.07%). Insiders that own company stock include Austin W Miller, Austin W Miller, Daniel P Harrington, Karole Lloyd, Paul C Varga, R Alex Rankin 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 $245.49.

How much money does Churchill Downs make?

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $9.18 billion and generates $1.60 billion in revenue each year. The company earns $249.10 million in net income (profit) each year or $12.47 on an earnings per share basis.

How many employees does Churchill Downs have?

The company employs 5,000 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 1/30/2023 by MarketBeat.com Staff