Churchill Downs
CHDN
Market cap $7.64B

105.80 USD

-1.00

0.94%

At close Jul 11, 4:00 PM EDT

After hours

105.80

+0.00

0.00%

1 day

-0.94%

5 days

1.53%

1 month

5.12%

3 months

3.21%

6 months

-17.47%

Year to date

-19.60%

1 year

-24.21%

5 years

68.44%

10 years

388.46%

About: Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.

Employees: 8,870

Consumer Discretionary Gambling

0

Funds holding %

of 7,312 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

8% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 140

1.19% less ownership

Funds ownership: 77.78% [Q4 2024] → 76.6% (-1.19%) [Q1 2025]

6% less funds holding

Funds holding: 446 [Q4 2024] → 420 (-26) [Q1 2025]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q4 2024] → 5 (-1) [Q1 2025]

18% less capital invested

Capital invested by funds: $7.63B [Q4 2024] → $6.3B (-$1.34B) [Q1 2025]

22% less first-time investments, than exits

New positions opened: 57 | Existing positions closed: 73

84% less call options, than puts

Call options by funds: $4.53M | Put options by funds: $28.6M

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$116

10%

upside

Avg. target

$135

28%

upside

High target

$155

47%

upside

9 analyst ratings

9 positive

100%

0 neutral

0%

0 negative

0%

Stifel Jeffrey Stantial	26%upside $133	Buy Maintained	11 Jul 2025
JP Morgan Daniel Politzer	10%upside $116	Overweight Initiated	23 Jun 2025
JMP Securities Jordan Bender	30%upside $138	Market Outperform Maintained	27 May 2025
Mizuho Ben Chaiken	27%upside $134	Outperform Maintained	23 May 2025
Jefferies David Katz	20%upside $127	Buy Maintained	25 Apr 2025

See Analyst Rankings

Financial journalist opinion

Churchill Downs Incorporated 2025 Second Quarter Financial Results Conference Call Invitation

LOUISVILLE, Ky., June 11, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release second quarter 2025 financial results after the market closes on Wednesday, July 23, 2025, and host a related conference call to discuss the quarter on Thursday, July 24, 2025, at 9 a.m. ET.

Churchill Downs Incorporated 2025 Second Quarter Financial Results Conference Call Invitation

Churchill Downs: Strong Buy Driven By Margin Expansion And Capital Discipline

We initiate on Churchill Downs Incorporated with a Strong Buy rating, based on a unique combination of margin expansion, capital discipline, and high conviction in above-consensus earnings growth. Our implied valuation is supported by a PT of $131 per share, based on 18x FY26E forward P/E multiple. We estimate FY25E diluted EPS of $6.45 and FY26E diluted EPS of $7.30, which represents 13% annualized growth, and is meaningfully ahead of consensus.

Churchill Downs: Strong Buy Driven By Margin Expansion And Capital Discipline

Sovereignty Wins the 151st Running of the Kentucky Derby Presented by Woodford Reserve

New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races

Sovereignty Wins the 151st Running of the Kentucky Derby Presented by Woodford Reserve

Good Cheer Claims the Lilies for the 151st Running of the Longines Kentucky Oaks

LOUISVILLE, Ky., May 02, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") announced Good Cheer captured the Lilies in the 151st running of the Longines Kentucky Oaks in a field of 13 and sloppy track conditions. Under mostly cloudy skies, more than 100,000 excited racegoers gathered to watch America's premier race for 3-year-old fillies.

Good Cheer Claims the Lilies for the 151st Running of the Longines Kentucky Oaks

The best Kentucky Derby bet may actually be investing in Churchill Downs

Churchill Downs Incorporated is the owner of the track where the famed namesake race is run —and some analysts say its stock has plenty of upside right now

The best Kentucky Derby bet may actually be investing in Churchill Downs

Kentucky Derby runs tomorrow, but planned $1B revamp of Churchill Downs is on hold

Top racehorses will run in the Kentucky Derby on Saturday, but a planned nearly $1 billion revamp of facilities at the Churchill Downs racetrack that hosts the famous race is on hold.

Kentucky Derby runs tomorrow, but planned $1B revamp of Churchill Downs is on hold

Churchill Downs CEO says interest in the Kentucky Derby is strong despite global uncertainty

Churchill Downs has paused a $900 million capital improvement project due to global uncertainty. CEO Bill Carstanjen said this year's Kentucky Derby on Saturday is on pace to match last year's in terms of demand.

Churchill Downs CEO says interest in the Kentucky Derby is strong despite global uncertainty

Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains?

Churchill Downs Inc. NASDAQ: CHDN delivered record revenue and solid earnings in the just-ended quarter. However, some unexpected news about a previously announced renovation is causing the stock to drop more than 16% in after-hours trading.

Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains?

Churchill Downs Incorporated (CHDN) Q1 2025 Earnings Call Transcript

Churchill Downs Incorporated (NASDAQ:CHDN ) Q1 2025 Earnings Call April 24, 2025 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations Bill Carstanjen - Chief Executive Officer Bill Mudd - President and Chief Operating Officer Marcia Dall - Chief Financial Officer Conference Call Participants Chad Beynon - Macquarie Barry Jonas - Truist David Katz - Jefferies Jordan Bender - Citizens Daniel Guglielmo - Capital One Securities Jeff Stantial - Stifel Joe Stauff - Susquehanna Ben Chaiken - Mizuho Shaun Kelley - Bank of America Brandt Montour - Barclays Operator Good day, ladies and gentlemen and welcome to the Churchill Downs Inc. 2025 First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

Churchill Downs Incorporated (CHDN) Q1 2025 Earnings Call Transcript

Zacks Investment Research

Churchill Downs (CHDN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Churchill Downs (CHDN) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Churchill Downs (CHDN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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