Churchill Downs (CHDN) Stock Price, News & Analysis

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Churchill Downs in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CHDN shares.
View CHDN analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued twelve-month target prices for Churchill Downs' shares. Their CHDN share price targets range from $138.00 to $150.00. On average, they predict the company's share price to reach $143.13 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for CHDN or view top-rated stocks among Wall Street analysts.

Churchill Downs' stock was trading at $134.93 at the beginning of 2024. Since then, CHDN stock has decreased by 11.9% and is now trading at $118.93.
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Churchill Downs saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,890,000 shares, a drop of 6.0% from the March 15th total of 2,010,000 shares. Based on an average daily trading volume, of 367,600 shares, the days-to-cover ratio is currently 5.1 days.
View Churchill Downs' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CHDN earnings forecast.

Churchill Downs will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Churchill Downs Incorporated (NASDAQ:CHDN) posted its quarterly earnings results on Wednesday, February, 21st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.18. The firm earned $561.20 million during the quarter, compared to analysts' expectations of $553.05 million. Churchill Downs had a net margin of 16.95% and a trailing twelve-month return on equity of 45.43%. Churchill Downs's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share.

Churchill Downs declared an annual dividend on Thursday, November 30th. Investors of record on Friday, December 1st will be paid a dividend of $0.382 per share on Friday, January 5th. This represents a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from the stock's previous annual dividend of $0.36.
Read our dividend analysis for CHDN.

Churchill Downs (NASDAQ:CHDN) pays an annual dividend of $0.38 per share and currently has a dividend yield of 0.31%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHDN will have a dividend payout ratio of 5.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHDN.

ETFs with the largest weight of Churchill Downs (NASDAQ:CHDN) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), VanEck Gaming ETF (BJK), B.A.D. Etf (BAD), Corbett Road Tactical Opportunity ETFNew (OPPX), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Fidelity Fundamental Small-Mid Cap ETF (FSMO), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and ALPS Global Travel Beneficiaries ETF (JRNY).

Churchill Downs's stock split before market open on Monday, May 22nd 2023. The 2-1 split was announced on Tuesday, April 25th 2023. The newly issued 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.

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.

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).

Churchill Downs' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (0.29%), Sage Investment Advisers LLC (0.04%), Independence Bank of Kentucky (0.02%), Guidance Capital Inc. (0.02%), Congress Asset Management Co. MA (0.01%) and Park Avenue Securities LLC (0.01%). Insiders that own company stock include Austin W Miller, Austin W Miller and William E Mudd.
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Shares of CHDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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