CHDN

Churchill Downs Inc

99.01

Nov 02 • 3:59 PM ET +4.18 (4.41%)

98.57

Aftermarket • 6:13 PM ET -0.44 (-0.45%)

Consumer Cyclical Gambling USA Mid NASD

Oct 29, 5:42 PMChurchill Downs posts record Q3, advances casino divestitures and Derby-centric growth strategy

Peers: FLUT BYD DKNG PENN CZR ACEL RRR MCRI BALY MGM

| Held by: IJH VTI VB VXF MDY IJK VBR SPMD SCHA VBK

Scroll to Statements

Index	-
Market Cap	6.79B
Enterprise Value	11.28B
Income	450.80M
Sales	3.00B
Book/sh	19.99
Cash/sh	3.78
Dividend Est.	0.46 (0.46%)
Dividend TTM	0.44 (0.44%)
Dividend Ex-Date	Dec 04, 2026
Dividend Gr. 3/5Y	6.92% 7.26%
Payout	8.28%
Employees	9000
IPO	Mar 29, 1993

P/E	15.38
Forward P/E	13.34
PEG	1.30
P/S	2.26
P/B	4.95
P/C	26.20
P/FCF	12.81
EV/EBITDA	11.10
EV/Sales	3.75
Quick Ratio	0.31
Current Ratio	0.32
Debt/Eq	3.43
LT Debt/Eq	2.95
Option/Short	Yes / Yes

EPS (ttm)	6.44
EPS next Y	7.42
EPS next Q	1.03
EPS this Y	12.29%
EPS next Y	7.79%
EPS next 5Y	10.24%
EPS past 3/5Y	-2.51% -
Sales past 3/5Y	17.37% 22.65%
EPS Y/Y TTM	16.31%
Sales Y/Y TTM	4.18%
EPS Q/Q	114.11%
Sales Q/Q	1.90%
Earnings	Oct 28 AMC
EPS/Sales Surpr.	8.97% 0.12%

Insider Own	6.63%
Insider Trans	0.00%
Inst Own	88.66%
Inst Trans	5.77%
ROA	6.04%
ROE	37.35%
ROIC	8.28%
Gross Margin	34.13%
Oper. Margin	25.76%
Profit Margin	15.00%
SMA20	19.13%
SMA50	19.27%
SMA200	12.36%
Trades

Shs Outstand	69.00M
Shs Float	64.01M
Short Float	8.59%
Short Ratio	4.98
Short Interest	5.50M
52W High	118.35 -16.34%
52W Low	73.08 35.47%
Volatility	4.99% 3.59%
ATR (14)	3.52
RSI (14)	77.01
Beta	0.77
Rel Volume	1.61
Avg Volume	1.10M
Volume	1,780,219

Perf Week	17.81%
Perf Month	30.19%
Perf Quarter	16.00%
Perf Half Y	7.97%
Perf YTD	-12.98%
Perf Year	-0.19%
Perf 3Y	-13.48%
Perf 5Y	-15.31%
Perf 10Y	344.66%
Recom	1.23
Target Price	128.82
Prev Close	94.83
Price	99.01
Change %	4.41%

Consensus

Strong Buy

Avg. Price Target

$128.82

Implied Upside

+30.1%

Analysts15incl. previous ratings

Rating Distribution15 Buy · 0 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Sep 02, 2026	Initiated	WWolfe Research	Outperform	$119	+20.2%
Nov 18, 2025	Initiated	WWells Fargo	Overweight	$115	+16.1%
Jun 23, 2025	Initiated	JJP Morgan	Overweight	$116	+17.2%
Apr 11, 2025	Initiated	BBarclays	Overweight	$125	+26.2%
Aug 12, 2024	Upgrade	BBofA Securities	Neutral → Buy	$145 → $155	+56.5%
Apr 15, 2024	Upgrade	WWells Fargo	Equal Weight → Overweight	$137 → $141	+42.4%
Mar 26, 2024	Initiated	MMizuho	Buy	$142	+43.4%
Jan 05, 2024	Downgrade	WWells Fargo	Overweight → Equal Weight	$135 → $137	+38.4%
Oct 12, 2023	Initiated	CCapitalOne	Overweight	$144	+45.4%
Oct 03, 2023	Initiated	SStifel	Buy	$148	+49.5%
Mar 17, 2023	Initiated	TTruist	Buy	$300	+203.0%
Jan 17, 2023	Initiated	JJMP Securities	Mkt Outperform	$273	+175.7%
Dec 08, 2022	Resumed	JJP Morgan	Neutral	$243	+145.4%
Oct 19, 2021	Initiated	BBerenberg	Buy	$294	+196.9%
Sep 15, 2021	Initiated	WWells Fargo	Overweight	$255	+157.5%
Jun 18, 2021	Initiated	MMacquarie	Outperform	$254	+156.5%
May 14, 2021	Upgrade	JJefferies	Hold → Buy	$244	+146.4%
Jan 14, 2021	Initiated	KKeyBanc Capital Markets	Overweight	$239	+141.4%
Jan 04, 2021	Initiated	BBofA Securities	Buy	$235	+137.3%
Sep 25, 2020	Upgrade	SSusquehanna	Neutral → Positive	$180	+81.8%

Oct-29-26 11:32AM	Churchill Downs Matches On EPS As Buybacks And Asset Sales Outrun A Softening Virginia Engine (Earnings Whispers) +11.24%
Oct-28-26 04:24PM	Churchill Downs: Q3 Earnings Snapshot (Associated Press)
04:05PM	Churchill Downs Incorporated Reports 2026 Third Quarter Results (GlobeNewswire)
04:04PM	Churchill Downs Incorporated Announces New $750 Million Share Repurchase Program (GlobeNewswire)
04:03PM	Churchill Downs Incorporated Appoints Michael Tucker to Board of Directors (GlobeNewswire)
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04:02PM	Churchill Downs Incorporated Receives Local Approvals for New HRM Entertainment Venue in Henry County, Virginia (GlobeNewswire)
04:01PM	Thoroughbred Championship Series Expands to Include Oaks Division for Three-Year-Old Fillies (GlobeNewswire)
Oct-20-26 04:40PM	Churchill Downs Heads Into Post-Derby Quarter With Casino Sale Plan And Virginia Pressure In Focus (Earnings Whispers)
Oct-09-26 03:51PM	Repole buys 1.4% Churchill Downs stake, driving stock up 6% in Friday trade (Investing.com)
Sep-28-26 07:00AM	Churchill Downs Incorporated Announces Closing of Amended and Extended Credit Facility and New Term Loan B (GlobeNewswire) -5.08%
Sep-21-26 08:00AM	Churchill Downs Incorporated 2026 Third Quarter Financial Results Conference Call Invitation (GlobeNewswire)
Sep-17-26 05:04PM	Churchill Downs Incorporated Announces Pricing of $500 Million Senior Secured Term Loan B Due 2033 (GlobeNewswire)
Sep-14-26 08:30AM	Churchill Downs Incorporated Announces Launch of $500 Million Senior Secured Term Loan B Due 2033 (GlobeNewswire)
Aug-06-26 01:33PM	Churchill Downs considers Ocean Downs sale after Maryland Preakness deal (Baltimore Sun)
Aug-04-26 02:13AM	Churchill Downs Sells Nine Casinos To Refocus On Racing (CRE Daily)
09:23AM	Loading…
Aug-03-26 09:23AM	Horse Racing's Biggest Events Unite in Landmark New "Thoroughbred Championship Series" (GlobeNewswire)
Jul-29-26 04:13PM	Churchill Downs: Q2 Earnings Snapshot (Associated Press) -6.60%
04:07PM	Churchill Downs Incorporated Announces Definitive Agreement to Acquire 49% of United Tote Company from NYRA (GlobeNewswire)
04:05PM	Churchill Downs Incorporated Announces Update on Capital Projects at Churchill Downs Racetrack for 2027 and 2028 (GlobeNewswire)
04:02PM	Churchill Downs Incorporated Reports 2026 Second Quarter Results (GlobeNewswire)
Jun-18-26 04:59PM	Churchill Downs Incorporated Announces State of Maryland's Decision to Acquire the Preakness IP Rights (GlobeNewswire)
08:00AM	Churchill Downs Incorporated 2026 Second Quarter Financial Results Conference Call Invitation (GlobeNewswire)
May-02-26 10:07PM	Golden Tempo Wins the 152nd Running of the Kentucky Derby Presented by Woodford Reserve (GlobeNewswire)
May-01-26 11:19PM	Always A Runner Claims the Lilies for the 152nd Running of the Longines Kentucky Oaks (GlobeNewswire) -7.05%
Apr-24-26 03:09AM	Churchill Downs Inc (CHDN) Q1 2026 Earnings Call Highlights: Record Revenues and Strategic ... (GuruFocus.com)
Apr-22-26 04:08PM	Churchill Downs: Q1 Earnings Snapshot (Associated Press) +10.09%
04:01PM	Churchill Downs Incorporated Reports 2026 First Quarter Results (GlobeNewswire)
Apr-21-26 04:42PM	Preakness rights sold to Churchill Downs for $85M (Baltimore Sun)
09:00AM	Churchill Downs Incorporated Announces Definitive Agreement to Acquire Preakness Intellectual Property Rights (GlobeNewswire)
Apr-01-26 12:03PM	Churchill Downs Incorporated Statement Regarding United States District Court Victory in Churchill Downs Inc. v. Horseracing Integrity and Safety Authority (GlobeNewswire)
04:01PM	Loading…
Mar-16-26 04:01PM	Churchill Downs Incorporated 2026 First Quarter Financial Results Conference Call Invitation (GlobeNewswire)
Feb-26-26 12:06PM	Churchill Downs Q4 Earnings Call Highlights (MarketBeat) -6.00%
Feb-25-26 08:00PM	Churchill Downs (CHDN) Reports Q4 Earnings: What Key Metrics Have to Say (Zacks)
07:25PM	Churchill Downs (CHDN) Q4 Earnings and Revenues Beat Estimates (Zacks)
04:25PM	Churchill Downs: Q4 Earnings Snapshot (Associated Press Finance)
04:18PM	Churchill Downs's (NASDAQ:CHDN) Q4 CY2025 Sales Top Estimates (StockStory)
04:01PM	Churchill Downs Incorporated Reports 2025 Fourth Quarter and Full Year Results (GlobeNewswire)
Feb-24-26 06:19PM	Churchill Downs Incorporated Opens Marshall Yards Racing & Gaming in Southwestern Kentucky (GlobeNewswire)
Feb-23-26 10:05PM	Churchill Downs (CHDN) Reports Q4: Everything You Need To Know Ahead Of Earnings (StockStory)
Feb-19-26 12:32PM	Prediction betting craze wipes £19bn off gambling giants (The Telegraph)
10:00AM	PENN Entertainment (PENN) Expected to Beat Earnings Estimates: Should You Buy? (Zacks)
Feb-18-26 10:00AM	Analysts Estimate Churchill Downs (CHDN) to Report a Decline in Earnings: What to Look Out for (Zacks)
Feb-12-26 11:34PM	1 of Wall Street's Favorite Stock Worth Investigating and 2 We Brush Off (StockStory)
Feb-10-26 09:00AM	Churchill Downs Incorporated Announces Exciting Changes to Kentucky Derby Week Racing (GlobeNewswire)
Feb-03-26 10:13PM	Churchill Downs Incorporated (CHDN): A Bull Case Theory (Insider Monkey)
Feb-02-26 10:32PM	Q3 Earnings Highlights: Churchill Downs (NASDAQ:CHDN) Vs The Rest Of The Gaming Solutions Stocks (StockStory)
10:38AM	Do Options Traders Know Something About Churchill Downs Stock We Don't? (Zacks)
Jan-29-26 09:50AM	Nevada reports December statewide gaming win down 1.55% to $1.44B (TipRanks)
Jan-28-26 01:48AM	Churchill Downs Inc. (CHDN) Rallies as Gaming Operations Stabilize (Insider Monkey)
Jan-21-26 11:31PM	3 Consumer Stocks We Approach with Caution (StockStory)
Jan-20-26 09:15AM	Churchill Downs Incorporated Announces Grand Opening for Marshall Yards Racing & Gaming (GlobeNewswire)
Jan-13-26 11:59PM	Churchill Downs to invest $180M in rebranded Salem casino (New Hampshire Union Leader, Manchester)
06:49PM	Casino Salem will be rebranded as Rockingham Grand Casino (New Hampshire Union Leader, Manchester)
Jan-12-26 09:15AM	Churchill Downs Incorporated Announces Development Plans for Casino in Salem, New Hampshire (GlobeNewswire)
Jan-07-26 05:30PM	Churchill Downs Incorporated 2025 Fourth Quarter and Full Year Financial Results Conference Call Invitation (GlobeNewswire)
Jan-05-26 11:36PM	1 Small-Cap Stock Worth Your Attention and 2 Facing Challenges (StockStory)
04:35PM	Churchill Downs, Boyd Gaming, Mohawk Industries, Wyndham, and Marriott Vacations Stocks Trade Up, What You Need To Know (StockStory)
Dec-28-25 11:02PM	3 Reasons to Sell CHDN and 1 Stock to Buy Instead (StockStory)
Dec-19-25 12:00PM	Churchill Downs (CHDN) Upgraded to Buy: Here's Why (Zacks)
11:40AM	CHDN vs. TTWO: Which Stock Is the Better Value Option? (Zacks)
Nov-06-25 01:51PM	Is the Options Market Predicting a Spike in CHDN Stock? (Zacks)
Oct-29-25 01:38AM	The 5 Most Interesting Analyst Questions From Churchill Downs's Q3 Earnings Call (StockStory)
Oct-24-25 10:45AM	Hagens Berman: Class-Action Lawsuit Unveils Massive AI Horse Betting Manipulation Scheme (Business Wire)
Oct-23-25 03:50PM	Why Churchill Downs (CHDN) Stock Is Trading Up Today (StockStory) +7.75%
03:04PM	Churchill Downs Inc (CHDN) Q3 2025 Earnings Call Highlights: Record Revenue and Strategic ... (GuruFocus.com)
02:06PM	CHDN Q3 Deep Dive: Premium Experiences and Expansion Drive Growth, Margins Moderate (StockStory)
Oct-22-25 05:30PM	Churchill Downs (CHDN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates (Zacks)
05:10PM	Churchill Downs (CHDN) Q3 Earnings and Revenues Top Estimates (Zacks)
04:11PM	Churchill Downs (NASDAQ:CHDN) Exceeds Q3 Expectations (StockStory)
04:07PM	Churchill Downs: Q3 Earnings Snapshot (Associated Press Finance)
04:05PM	Churchill Downs Incorporated Announces New Victory Run Capital Investment at Churchill Downs Racetrack (GlobeNewswire)
04:01PM	Churchill Downs Incorporated Reports 2025 Third Quarter Results (GlobeNewswire)
Oct-20-25 11:03PM	Churchill Downs (CHDN) Q3 Earnings: What To Expect (StockStory) +5.69%
Oct-19-25 03:08AM	Churchill Downs Adds Middle East Races to Global Derby Path (Insider Monkey)
Oct-18-25 01:50AM	Why Churchill Downs (CHDN) Stock Is Up Today (StockStory)
Oct-08-25 04:31PM	Everi Enters Seven-Year Strategic Relationship with Churchill Downs Incorporated for Financial Technology Related Services (PR Newswire)
Sep-29-25 06:31AM	Take-Two (TTWO) Soars 4.5%: Is Further Upside Left in the Stock? (Zacks)
Sep-27-25 12:59AM	JMP Securities Reiterates Bullish Outlook on Churchill Downs (CHDN) Ahead of Kentucky Derby (Insider Monkey)
Sep-26-25 11:40AM	CHDN or EA: Which Is the Better Value Stock Right Now? (Zacks)
11:16AM	Sin Stock Investing: Navigating Controversy, Stability & Growth (Zacks)
09:40AM	Is Churchill Downs (CHDN) Stock Undervalued Right Now? (Zacks)
Sep-16-25 12:00AM	3 Reasons to Avoid CHDN and 1 Stock to Buy Instead (StockStory)
Sep-15-25 05:30PM	Churchill Downs Incorporated 2025 Third Quarter Financial Results Conference Call Invitation (GlobeNewswire)
Sep-11-25 12:33AM	3 Small-Cap Stocks We Think Twice About (StockStory)
Sep-02-25 12:39AM	1 Cash-Producing Stock to Target This Week and 2 We Ignore (StockStory)
Aug-27-25 04:01PM	Churchill Downs Incorporated Completes Acquisition of a Majority of Casino Salem Project in New Hampshire (GlobeNewswire)
Aug-20-25 11:37PM	Gaming Solutions Stocks Q2 Results: Benchmarking Churchill Downs (NASDAQ:CHDN) (StockStory)
Aug-14-25 05:52AM	3 Consumer Stocks We're Skeptical Of (StockStory)
Aug-06-25 12:37AM	1 Profitable Stock to Own for Decades and 2 We Ignore (StockStory)
Aug-04-25 08:09AM	Churchill Downs Incorporated (CHDN) Sold Off Following Earnings Release (Insider Monkey)
Jul-30-25 08:53AM	Here's Why Churchill Downs Incorporated (CHDN) Traded Down in Q2 (Insider Monkey)
01:31AM	Churchill Downs's Q2 Earnings Call: Our Top 5 Analyst Questions (StockStory)
Jul-25-25 09:27AM	CHDN Q2 Deep Dive: Derby Week Expansion, HRM Growth, and New Market Investments (StockStory)
Jul-24-25 01:05PM	Why Churchill Downs (CHDN) Stock Is Up Today (StockStory)
08:30AM	For First Time Ever, NBC Sports to Present Kentucky Oaks in Primetime - Friday, May 1, 2026, on NBC and Peacock (GlobeNewswire)
Jul-23-25 05:10PM	Churchill Downs (CHDN) Beats Q2 Earnings and Revenue Estimates (Zacks)
04:11PM	Churchill Downs: Q2 Earnings Snapshot (Associated Press Finance)
04:09PM	Churchill Downs's (NASDAQ:CHDN) Q2 Sales Top Estimates (StockStory)
04:05PM	Churchill Downs Incorporated Announces New $500 Million Share Repurchase Program (GlobeNewswire)
04:01PM	Churchill Downs Incorporated Reports 2025 Second Quarter Results (GlobeNewswire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	#Shares	#Shares Total	SEC Form 4
Carstanjen William C.	Chief Executive Officer	Dec 31 '25	Option Exercise	26,711	1,702,226	Jan 05 04:32 PM
Dall Marcia A	EVP, and CFO	Dec 31 '25	Option Exercise	6,060	148,419	Jan 05 04:31 PM
Blackwell Bradley K.	EVP, General Counsel	Dec 31 '25	Option Exercise	5,258	30,313	Jan 05 04:20 PM
Mudd William E.	President and COO	Dec 31 '25	Option Exercise	13,477	741,152	Jan 05 04:16 PM
Adams Maureen	EVP, Gaming Operations	Dec 31 '25	Option Exercise	2,959	16,558	Jan 05 04:12 PM

Churchill Downs, Inc. is a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing related revenue and expenses at Churchill Downs Racetrack and historical racing properties in Kentucky, Virginia, and New Hampshire. The Wagering Services and Solutions focuses on the revenue and expenses from pari-mutuel wagers through TwinSpires, retail and online sports betting business, United Tote Company, and Exacta Systems, LLC. The Gaming segment is involved in the casino properties and associated racetracks which support the casino license. The company was founded in 1875 and is headquartered in Louisville, KY.

CEO & DirectorMr. William C. Carstanjen

President & COOMr. William E. Mudd

Executive VP & CFOMs. Marcia Ann Dall CPA

Executive VPMr. Bradley K. Blackwell J.D.

VP & Chief Accounting OfficerMr. Jon E. Rauch

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CHDN

Churchill Downs Inc

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