Churchill DownsCHDN
Market Cap: 10.5B
About: Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The 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, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
Employees: 7,970
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
18% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 44
18% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 114
2% more funds holding
Funds holding: 363 [Q4 2023] → 371 (+8) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 8 [Q4 2023] → 8 (+0) [Q1 2024]
0.89% less ownership
Funds ownership: 77.24% [Q4 2023] → 76.35% (-0.89%) [Q1 2024]
10% less capital invested
Capital invested by funds: $7.77B [Q4 2023] → $6.97B (-$809M) [Q1 2024]
70% less call options, than puts
Call options by funds: $8.09M | Put options by funds: $26.7M
Research analyst outlook
21 Wall Street Analysts provided 1 year price forecasts over the past 6 months
21 analyst ratings
Macquarie Chad Beynon | 14%upside $162 | Outperform Maintained | 26 Jul 2024 |
JMP Securities Jordan Bender | 16%upside $166 | Market Outperform Maintained | 26 Jul 2024 |
Mizuho Ben Chaiken | 10%upside $157 | Outperform Maintained | 26 Jul 2024 |
Stifel Jeffrey Stantial | 15%upside $164 | Buy Maintained | 26 Jul 2024 |
Truist Securities Barry Jonas | 16%upside $166 | Buy Reiterated | 26 Jul 2024 |
Financial journalist opinion
Based on 16 articles about CHDN published over the past 30 days