Churchill Downs Inc

Churchill Downs Inc Stock Forecast & Price Prediction

Live Churchill Downs Inc Stock (CHDN) Price
$139.18

11

Ratings

  • Buy 11
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$139.18

P/E Ratio

25.17

Volume Traded Today

$257,600

Dividend

$0.409

52 Week High/low

150.21/111.10

Churchill Downs Inc Market Cap

$10.23B

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CHDN Summary

The Churchill Downs Inc (CHDN) share price is expected to increase by 17.13% over the next year. This is based on calculating the average 12-month share price estimate provided by 11 stock analysts who have covered CHDN. Price targets range from $151 at the low end to $172 at the high end. The current analyst consensus for CHDN is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CHDN Analyst Ratings

About 11 Wall Street analysts have assignedCHDN 11 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Churchill Downs Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CHDN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

CHDN stock forecast by analyst

These are the latest 20 analyst ratings of CHDN.

Analyst/Firm

Rating

Price Target

Change

Date

Barry Jonas
Truist Securities

Buy

$165

Reiterates

Oct 25, 2024
Ben Chaiken
Mizuho

Outperform

$151

Maintains

Oct 22, 2024
Daniel Politzer
Wells Fargo

Overweight

$168

Maintains

Oct 17, 2024
Jordan Bender
JMP Securities

Market Outperform

$166

Reiterates

Oct 14, 2024
Shaun Kelley
B of A Securities

Buy

$155

Upgrade

Aug 12, 2024
Jeffrey Stantial
Stifel

Buy

$164

Maintains

Jul 26, 2024
Jordan Bender
JMP Securities

Market Outperform

$166

Maintains

Jul 26, 2024
Ben Chaiken
Mizuho

Outperform

$157

Maintains

Jul 26, 2024
Chad Beynon
Macquarie

Outperform

$162

Maintains

Jul 26, 2024
Daniel Politzer
Wells Fargo

Overweight

$161

Maintains

Jul 26, 2024
Barry Jonas
Truist Securities

Buy

$166

Reiterates

Jul 26, 2024
Jeffrey Stantial
Stifel

Buy

$160

Reiterates

Jul 22, 2024
Barry Jonas
Truist Securities

Buy

$165

Maintains

Jul 18, 2024
Jordan Bender
JMP Securities

Market Outperform

$158

Maintains

Jul 17, 2024
Daniel Politzer
Wells Fargo

Overweight

$150

Maintains

Jul 16, 2024
David Katz
Jefferies

Buy

$160

Maintains

Jul 11, 2024
Jordan Bender
JMP Securities

Market Outperform

$156

Reiterates

May 6, 2024
Jeffrey Stantial
Stifel

Buy

$153

Maintains

Apr 26, 2024
Ben Chaiken
Mizuho

Buy

$143

Maintains

Apr 26, 2024
Barry Jonas
Truist Securities

Buy

$145

Maintains

Apr 26, 2024

CHDN Company Information

What They Do: Operates racing and online wagering platforms.

Business Model: The company generates revenue through its three segments: Live and Historical Racing, TwinSpires, and Gaming. It operates physical venues for pari-mutuel gaming, an online wagering platform for horse racing and sports betting, and various gaming properties including casinos. Additional income comes from offering live race streaming, data services, and manufacturing wagering systems.

Other Information: Founded in 1875 and based in Louisville, Kentucky, the company has a long-standing presence in the gaming industry, providing a comprehensive suite of services and products that cater to both traditional and online bettors.

When did it IPO

1993

Staff Count

5,660

Country

United States

Sector/Industry

Consumer Cyclical/Gambling

CEO

Mr. William C. Carstanjen

Market Cap

$10.23B

Churchill Downs Inc (CHDN) Financial Data

In 2023, CHDN generated $2.46B in revenue, which was a increase of 36.02% from the previous year. This can be seen as a signal that CHDN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$1.05B

Revenue From 2021

$1.60B

51.54 %
From Previous Year

Revenue From 2022

$1.81B

13.31 %
From Previous Year

Revenue From 2023

$2.46B

36.02 %
From Previous Year
  • Revenue TTM $2.67B
  • Operating Margin TTM 20.0%
  • Gross profit TTM $795.7M
  • Return on assets TTM 6.3%
  • Return on equity TTM 41.4%
  • Profit Margin 15.4%
  • Book Value Per Share 14.93%
  • Market capitalisation $10.23B
  • Revenue for 2021 $1.60B
  • Revenue for 2022 $1.81B
  • Revenue for 2023 $2.46B
  • EPS this year (TTM) $5.53

Churchill Downs Inc (CHDN) Latest News

News Image

Thu, 28 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Fourteen companies raised dividends this week, averaging 5.5%. Lancaster Colony increased its dividend by 5.6%, extending a 62-year streak, while McDonald's will achieve a 49-year streak next year.

Why It Matters - Dividend increases signal company stability and financial health, attracting income-focused investors. Lancaster Colony and McDonald's exemplify strong dividend growth, enhancing their appeal in the market.

News Image

Thu, 21 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - CHDN, LZB, MKC, and AIZ have all announced increases in their dividends, signaling potential positive returns for investors.

Why It Matters - Dividend hikes from CHDN, LZB, MKC, and AIZ signal strong financial health and a commitment to returning value to shareholders, potentially attracting more investors and boosting stock prices.

News Image

Thu, 14 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Stocks SNA, GFF, CHDN, and ROP have announced increases in their dividends, signaling potential positive cash flow and returns for investors.

Why It Matters - Dividend hikes indicate strong financial health and confidence in future earnings, which can attract more investors and drive stock prices higher.

News Image

Fri, 15 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Snap-on, Griffon, Churchill Downs, and Roper Technologies are highlighted in a recent Analyst Blog, indicating potential investment interest in these companies.

Why It Matters - The inclusion of Snap-on, Griffon, Churchill Downs, and Roper Technologies in an Analyst Blog may signal positive insights or recommendations, potentially impacting stock performance and investor sentiment.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - A $460 million investment is set to develop a premier entertainment resort in Virginia, focusing on horse racing and supporting the agriculture industry.

Why It Matters - The $460 million investment boosts Virginia's economy, enhances tourism, and supports local industries, potentially increasing revenue and property values, influencing market sentiment positively.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Churchill Downs Incorporated (NASDAQ:CHDN) will hold its Q3 2024 earnings conference call on October 24, 2024, at 9:00 AM ET, featuring key executives and financial analysts.

Why It Matters - The upcoming Q3 2024 earnings call for Churchill Downs will provide insights into the company's financial performance, potentially impacting stock valuation and investor sentiment.

...

CHDN Frequently asked questions

The highest forecasted price for CHDN is $172 from at .

The lowest forecasted price for CHDN is $151 from Ben Chaiken from Mizuho

The CHDN analyst ratings consensus are 11 buy ratings, 0 hold ratings, and 0 sell ratings.