Wells Fargo & Company Lowers Churchill Downs (NASDAQ:CHDN) Price Target to $124.00

Churchill Downs (NASDAQ:CHDN) had its target price decreased by analysts at Wells Fargo & Company from $125.00 to $124.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 34.89% from the stock’s current price.

Several other equities research analysts also recently weighed in on CHDN. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. Citizens Jmp upped their price objective on Churchill Downs from $142.00 to $146.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Finally, Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Churchill Downs Trading Up 1.7%

Shares of CHDN stock opened at $91.93 on Friday. Churchill Downs has a 1-year low of $85.58 and a 1-year high of $119.11. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50-day moving average of $102.13 and a two-hundred day moving average of $101.81. The firm has a market cap of $6.41 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. Churchill Downs had a return on equity of 42.85% and a net margin of 13.09%.The firm had revenue of $665.90 million for the quarter, compared to the consensus estimate of $658.01 million. During the same quarter last year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that Churchill Downs will post 6.92 EPS for the current year.

Institutional Trading of Churchill Downs

Several institutional investors have recently added to or reduced their stakes in CHDN. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Churchill Downs by 5.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,561 shares of the company’s stock worth $1,875,000 after buying an additional 990 shares in the last quarter. Norges Bank acquired a new position in shares of Churchill Downs during the second quarter valued at approximately $43,935,000. AlphaQuest LLC raised its holdings in Churchill Downs by 711.5% during the third quarter. AlphaQuest LLC now owns 37,670 shares of the company’s stock worth $3,654,000 after purchasing an additional 33,028 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Churchill Downs during the third quarter worth approximately $1,158,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Churchill Downs by 108.0% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 27,531 shares of the company’s stock worth $2,671,000 after purchasing an additional 14,298 shares during the period. Institutional investors own 82.59% of the company’s stock.

Churchill Downs News Roundup

Here are the key news stories impacting Churchill Downs this week:

• Positive Sentiment: Q4 earnings and revenue beat consensus (EPS $0.97 vs. $0.85 est.), driven by live racing and historical-racing performance — supports near-term earnings momentum. Churchill Downs posts Q4 earnings and revenue beat
• Positive Sentiment: Management signaled $15M–$20M of incremental Derby-week EBITDA in 2026 as Derby Week expands — a clear near-term profit lever and driver of operating leverage. Derby Week EBITDA guidance
• Positive Sentiment: New gaming venue opened in Kentucky, expanding regional footprint and local revenue streams — supports longer-term organic growth. Churchill Downs opens newest gaming venue
• Positive Sentiment: Reported full-year profits ($383M for 2025) — reinforces cash-generation profile that can fund Derby expansion, capex or capital returns. Churchill Downs Reports Profits Of $383 Million In 2025
• Neutral Sentiment: Analyst note: Wells Fargo trimmed its price target slightly from $125 to $124 but kept an “overweight” rating — a small signal of confidence despite modest margin on valuation. Wells Fargo price target update
• Neutral Sentiment: Earnings-call transcript and multiple write-ups detail drivers (historical racing, sports betting, live events) — useful for modeling revenue mix and margin assumptions. Q4 2025 earnings call transcript
• Negative Sentiment: Balance-sheet and liquidity remain watch items (high reported debt-to-equity and low current/quick ratios), which could constrain flexibility if growth requires incremental capital — monitor leverage and free-cash-flow conversion.
• Neutral Sentiment: Short-interest data reported appears inconsistent (reported zero/share change) and is not signaling a clear bearish bet; treat recent short-interest figures with caution until clarified.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.