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NASDAQ:CHDN

Churchill Downs (CHDN) Stock Forecast, Price & News

$135.79
-1.78 (-1.29%)
(As of 01:28 PM ET)
Compare
Today's Range
$135.79
$139.24
50-Day Range
$121.09
$287.46
52-Week Range
$86.38
$150.45
Volume
132,385 shs
Average Volume
368,940 shs
Market Capitalization
$10.17 billion
P/E Ratio
18.86
Dividend Yield
0.27%
Price Target
$141.25

Churchill Downs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
3.7% Upside
$141.25 Price Target
Short Interest
Healthy
2.03% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.92
Upright™ Environmental Score
News Sentiment
-0.41mentions of Churchill Downs in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$4.93 M Sold Last Quarter
Proj. Earnings Growth
25.34%
From $5.96 to $7.47 Per Share

Overall MarketRank

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

2.28 out of 5 stars

Consumer Discretionary Sector

137th out of 278 stocks

Racing, Including Track Operation Industry

1st out of 2 stocks


CHDN stock logo

About Churchill Downs (NASDAQ:CHDN) Stock

Churchill 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.

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CHDN Stock News Headlines

New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
See More Headlines
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CHDN Company Calendar

Last Earnings
4/26/2023
Today
5/30/2023
Next Earnings (Estimated)
7/26/2023
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
7,000
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$141.25
High Stock Price Forecast
$163.00
Low Stock Price Forecast
$121.50
Forecasted Upside/Downside
+2.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$439.40 million
Pretax Margin
37.86%

Debt

Sales & Book Value

Annual Sales
$1.81 billion
Cash Flow
$5.73 per share
Book Value
$7.37 per share

Miscellaneous

Free Float
71,140,000
Market Cap
$10.30 billion
Optionable
Optionable
Beta
1.12

Social Links


Key Executives

  • William C. Carstanjen
    Chief Executive Officer & Director
  • William E. Mudd
    President & Chief Operating Officer
  • Marcia A. Dall
    Chief Financial Officer & Executive Vice President
  • Nate Simon
    Chief Technology Officer & Senior Vice President
  • Rebecca C. Reed
    Chief Compliance Officer & Senior VP-Legal Affairs













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 1-year target prices for Churchill Downs' stock. Their CHDN share price forecasts range from $121.50 to $163.00. On average, they predict the company's stock price to reach $141.25 in the next twelve months. This suggests a possible upside of 2.7% 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 $105.7150 on January 1st, 2023. Since then, CHDN stock has increased by 30.1% and is now trading at $137.57.
View the best growth stocks for 2023 here
.

Are investors shorting Churchill Downs?

Churchill Downs saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,520,000 shares, an increase of 65.4% from the April 30th total of 918,800 shares. Based on an average daily trading volume, of 418,500 shares, the days-to-cover ratio is currently 3.6 days.
View Churchill Downs' Short Interest
.

When is Churchill Downs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CHDN earnings forecast
.

How were Churchill Downs' earnings last quarter?

Churchill Downs Incorporated (NASDAQ:CHDN) announced its quarterly earnings data on Wednesday, April, 26th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The business earned $559.50 million during the quarter, compared to analyst estimates of $536.57 million. Churchill Downs had a trailing twelve-month return on equity of 55.53% and a net margin of 27.58%. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 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. Investors of record on Friday, December 2nd will be given a dividend of $0.357 per share on Friday, January 6th. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for CHDN
.

Is Churchill Downs a good dividend stock?

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.26%. 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 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 4.82% 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 Monday, May 22nd 2023. The 2-1 split was announced on Tuesday, April 25th 2023. The newly created shares were payable to shareholders after the market closes on Friday, May 19th 2023. An investor that had 100 shares of stock prior to the split would have 200 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 FMR LLC (12.06%), BlackRock Inc. (8.01%), London Co. of Virginia (2.49%), State Street Corp (2.46%), ArrowMark Colorado Holdings LLC (1.59%) and Ameriprise Financial Inc. (1.46%). 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 $137.57.

How much money does Churchill Downs make?

Churchill Downs (NASDAQ:CHDN) has a market capitalization of $10.30 billion and generates $1.81 billion in revenue each year. The company earns $439.40 million in net income (profit) each year or $7.20 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 5/30/2023 by MarketBeat.com Staff

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