NASDAQ:CHDN Churchill Downs (CHDN) Stock Forecast, Price & News $135.79 -1.78 (-1.29%) (As of 01:28 PM ET) Add Compare Share Share Today's Range$135.79▼$139.2450-Day Range$121.09▼$287.4652-Week Range$86.38▼$150.45Volume132,385 shsAverage Volume368,940 shsMarket Capitalization$10.17 billionP/E Ratio18.86Dividend Yield0.27%Price Target$141.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Churchill Downs MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside3.7% Upside$141.25 Price TargetShort InterestHealthy2.03% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.92Upright™ Environmental ScoreNews Sentiment-0.41Based on 19 Articles This WeekInsider TradingSelling Shares$4.93 M Sold Last QuarterProj. Earnings Growth25.34%From $5.96 to $7.47 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.2.28 out of 5 starsConsumer Discretionary Sector137th out of 278 stocksRacing, Including Track Operation Industry1st out of 2 stocks 1.4 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 $141.25, Churchill Downs has a forecasted upside of 3.7% from its current price of $136.22.Amount of Analyst CoverageChurchill Downs has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.03% of the outstanding shares of Churchill Downs have been sold short.Short Interest Ratio / Days to CoverChurchill Downs has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Churchill Downs has recently increased by 65.43%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldChurchill Downs has a dividend yield of 0.26%, 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 5.00%. 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 4.82% 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 2.0 News and Social Media Coverage News SentimentChurchill Downs has a news sentiment score of -0.41. 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 lower news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Churchill Downs this week, compared to 5 articles on an average week.Search Interest7 people have searched for CHDN on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.MarketBeat Follows8 people have added Churchill Downs to their MarketBeat watchlist in the last 30 days. This is an increase of 167% 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 4.98% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Churchill Downs are expected to grow by 25.34% in the coming year, from $5.96 to $7.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Churchill Downs is 18.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Churchill Downs is 18.92, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 11.60.Price to Earnings Growth RatioChurchill Downs has a PEG Ratio of 2.07. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioChurchill Downs has a P/B Ratio of 18.48. 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 HeadlinesMay 30, 2023 | msn.comHorse racing regulatory officials call ‘emergency summit’ following 12 horse deaths at Churchill DownsMay 29, 2023 | msn.comHISA looking into horse fatalities at Churchill DownsMay 30, 2023 | Edge On The Street (Ad)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.May 29, 2023 | msn.comNational horseracing safety entity to conduct 'thorough investigation' into Churchill Downs horse deathsMay 29, 2023 | news.yahoo.comKentucky Derby racetrack: 2 more horses euthanized at Churchill Downs, death toll now at 12May 28, 2023 | msn.com2 horses have died at Churchill Downs during Memorial Day weekendMay 28, 2023 | msn.comChurchill Downs deliberates extension of horse trainer Bob Baffert's suspensionMay 28, 2023 | msn.comChurchill Downs releases statement following 12th horse deathMay 30, 2023 | Edge On The Street (Ad)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.May 28, 2023 | nbcnews.com2 more horses die after injuries at Churchill Downs, bringing the total to 12May 28, 2023 | msn.comOfficials: 12 horses have died at Churchill Downs since stables reopenedMay 28, 2023 | sfgate.com2 horses have died at Churchill Downs, home of the Kentucky Derby, during Memorial Day weekendMay 27, 2023 | msn.comTenth horse dies at Churchill Downs following an injuryMay 27, 2023 | msn.comChurchill Downs sees 11th horse die at racetrack in span of less than a monthMay 27, 2023 | msn.comHorse death toll at Churchill Downs grows to 11 in the last monthMay 26, 2023 | msn.comCourt upholds Churchill Downs’ suspension of trainer Bob BaffertMay 25, 2023 | msn.com'It's part of the puzzle': Engineers test track at Churchill Downs following horse deathsMay 25, 2023 | msn.comFederal court dismisses Bob Baffert lawsuit against Churchill DownsMay 24, 2023 | msn.comCongress members call for transparency on Churchill Downs horse deathsMay 23, 2023 | finance.yahoo.comChurchill Downs Incorporated's (NASDAQ:CHDN) Intrinsic Value Is Potentially 55% Above Its Share PriceMay 21, 2023 | msn.comHorse euthanized after race at Churchill DownsMay 21, 2023 | foxnews.comNinth horse dies at Churchill Downs in span of less than a monthMay 20, 2023 | sports.yahoo.comNinth horse dies at Churchill Downs since late AprilMay 20, 2023 | msn.comSwanson Lake: Ninth horse death at Churchill Downs since late AprilMay 19, 2023 | msn.comDowns After Dark returns to Churchill Downs benefiting WaterStep nonprofitMay 18, 2023 | bizjournals.comChurchill Downs CEO reflects on recent acquisitions, future growthMay 18, 2023 | americanbankingnews.comChurchill Downs (NASDAQ:CHDN) Coverage Initiated by Analysts at StockNews.comSee 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 Last Earnings4/26/2023Today5/30/2023Next Earnings (Estimated)7/26/2023Fiscal 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$141.25 High Stock Price Forecast$163.00 Low Stock Price Forecast$121.50 Forecasted Upside/Downside+2.7%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$7.20 Trailing P/E Ratio19.11 Forward P/E Ratio23.08 P/E Growth2.07Net Income$439.40 million Net Margins27.58% Pretax Margin37.86% Return on Equity55.53% Return on Assets6.30% Debt Debt-to-Equity Ratio6.18 Current Ratio0.54 Quick Ratio0.54 Sales & Book Value Annual Sales$1.81 billion Price / Sales5.69 Cash Flow$5.73 per share Price / Cash Flow24.00 Book Value$7.37 per share Price / Book18.67Miscellaneous Outstanding Shares74,870,000Free Float71,140,000Market Cap$10.30 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 CompetitorsPVHNYSE:PVHGildan ActivewearNYSE:GILBrunswickNYSE:BCHilton Grand VacationsNYSE:HGVInternational Game TechnologyNYSE:IGTView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 135 shares on 5/26/2023Ownership: 0.003%Ameriprise Financial Inc.Sold 91,219 shares on 5/22/2023Ownership: 1.456%Putnam Investments LLCBought 139 shares on 5/22/2023Ownership: 0.204%New York State Common Retirement FundSold 430 shares on 5/18/2023Ownership: 0.114%Harvest Portfolios Group Inc.Sold 751 shares on 5/18/2023Ownership: 0.019%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 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. 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), Corbett Road Tactical Opportunity ETF (OPPX), B.A.D. Etf (BAD), Opus Small Cap Value Plus ETF (OSCV), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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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