
CHDN
Churchill Downs Inc
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
118.455
Open
113.500
VWAP
114.36
Vol
2.17M
Mkt Cap
7.98B
Low
111.705
Amount
247.64M
EV/EBITDA(TTM)
13.60
Total Shares
73.50M
EV
12.73B
EV/OCF(TTM)
16.19
P/S(TTM)
6.45
Churchill Downs Incorporated is a racing, online wagering and gaming entertainment company, which is anchored by its flagship event, the Kentucky Derby. The Company operates through three reportable segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia and New Hampshire. The Wagering Services and Solutions segment includes TwinSpires, which is a retail and online sports betting business; United Tote Company, which manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities (OTBs), and other pari-mutuel wagering businesses; and Exacta Systems, LLC that provides central determinant system technology in historical racing machine (HRMs) across the country. The Gaming segment is engaged in the casino properties and associated racetrack facilities.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q1
FY2025Q4
FY2025Q3
671.26M
+4.46%
1.217
+13.76%
652.93M
+4.6%
1.070
+16.31%
667.69M
+6.23%
1.069
+10.25%
Estimates Revision
The market is revising Downward the revenue expectations for Churchill Downs Incorporated (CHDN) for FY2025, with the revenue forecasts being adjusted by -0.8% over the past three months. During the same period, the stock price has changed by 28.75%.
Revenue Estimates for FY2025
Revise Downward

-0.8%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward

-1.76%
In Past 3 Month
Stock Price
Go Up

+28.75%
In Past 3 Month
9 Analyst Rating

14.29% Upside
Wall Street analysts forecast CHDN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHDN is 130.00 USD with a low forecast of 115.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Buy
0 Hold
0 Sell
Strong Buy

14.29% Upside
Current: 113.750

Low
115.00
Averages
130.00
High
150.00

14.29% Upside
Current: 113.750

Low
115.00
Averages
130.00
High
150.00
Susquehanna
Joseph Stauff
Positive
maintain
$121 -> $126
2025-07-23
New
Reason
Susquehanna
Joseph Stauff
Price Target
$121 -> $126
2025-07-23
New
maintain
Positive
Reason
Susquehanna analyst Joseph Stauff raised the firm's price target on Churchill Downs to $126 from $121 and keeps a Positive rating on the shares. The firm raised their 2Q revenue/EBITDA estimates by +1.4% to $935m/$445m due to stronger KY HRM and regional trends within the state data than its previous forecasts suggested.
Mizuho
Outperform
maintain
$134 -> $136
2025-07-22
New
Reason
Mizuho
Price Target
$134 -> $136
2025-07-22
New
maintain
Outperform
Reason
Mizuho raised the firm's price target on Churchill Downs to $136 from $134 and keeps an Outperform rating on the shares. The firm sees the company reported slight upside to Q2 estimates.
Barclays
Overweight
maintain
$124 -> $127
2025-07-18
Reason
Barclays
Price Target
$124 -> $127
2025-07-18
maintain
Overweight
Reason
Barclays raised the firm's price target on Churchill Downs to $127 from $124 and keeps an Overweight rating on the shares as part of a Q2 preview for the gaming space. The firm sees the regionals, digital and Macau names beating estimates, partially offset by misses in Las Vegas. The group has rallied but is not overbought, the analyst tells investors in a research note.
Truist
Buy
downgrade
$150 -> $145
2025-07-16
Reason
Truist
Price Target
$150 -> $145
2025-07-16
downgrade
Buy
Reason
Truist lowered the firm's price target on Churchill Downs to $145 from $150 and keeps a Buy rating on the shares. Gaming has mostly recovered from tariff noise in Q1, with companies not yet pointing to any signs of consumer softness, the analyst tells investors in a research note. Regionals, Locals and Digital look positive, though Vegas appears to be in a choppy summer, the firm adds.
Stifel
Buy
maintain
$130 -> $133
2025-07-11
Reason
Stifel
Price Target
$130 -> $133
2025-07-11
maintain
Buy
Reason
Stifel raised the firm's price target on Churchill Downs to $133 from $130 and keeps a Buy rating on the shares ahead of reported results on July 23. Shares have underperformed meaningfully year-to-date reflecting concerns on Kentucky Derby fundamentals and a gradual ramp for Churchill's $460M "The Rose" development, the analyst says. Stifel sees potential catalysts for improved sentiment at Q2 earnings, and recommends owning the stock into the Q2 report.
JPMorgan
Overweight
initiated
$116
2025-06-23
Reason
JPMorgan
Price Target
$116
2025-06-23
initiated
Overweight
Reason
See All Ratings
Valuation Metrics
The current forward P/E ratio for Churchill Downs Inc (CHDN.O) is 18.23, compared to its 5-year average forward P/E of 23.45. For a more detailed relative valuation and DCF analysis to assess Churchill Downs Inc 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair
5Y Average PE
23.45
Current PE
18.23
Overvalued PE
29.07
Undervalued PE
17.83
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A
5Y Average EV/EBITDA
12.87
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
14.81
Undervalued EV/EBITDA
10.92
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A
5Y Average PS
3.91
Current PS
0.00
Overvalued PS
4.73
Undervalued PS
3.09
Financials
Annual
Quarterly
FY2025Q2
YoY :
+4.91%
934.40M
Total Revenue
FY2025Q2
YoY :
+0.18%
331.20M
Operating Profit
FY2025Q2
YoY :
+3.52%
217.60M
Net Income after Tax
FY2025Q2
YoY :
+7.17%
2.99
EPS - Diluted
FY2025Q2
YoY :
+93.62%
154.90M
Free Cash Flow
FY2025Q2
YoY :
-3.57%
42.40
Gross Profit Margin - %
FY2025Q2
YoY :
+1748.57%
12.94
FCF Margin - %
FY2025Q2
YoY :
-1.31%
23.29
Net Margin - %
FY2025Q2
YoY :
+0.46%
10.91
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
3
1.3M
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areSelling! The selling amount has increased 115.46% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
0.0
Volume
0
6-9
Months
164.7K
Volume
3
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
0
0.0
Volume
Months
6-9
0
0.0
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
8.0K
USD
1
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
2
16.0K
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
3
1.3M
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
CHDN News & Events
Events Timeline
2025-07-23 (ET)
2025-07-23
16:11:40
Churchill Downs announces new $500M share repurchase program

2025-07-23
16:06:46
Churchill Downs reports Q2 adjusted EPS $3.10, consensus $3.01

2025-07-14 (ET)
2025-07-14
16:35:31
Churchill Downs to acquire majority of Casino Salem project in NH

Sign Up For More Events
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News
9.5
07-23SeekingAlphaPinnedChurchill Downs reports mixed Q2 results; boosts buyback firepower
1.0
07-24NewsfilterFor First Time Ever, NBC Sports to Present Kentucky Oaks in Primetime – Friday, May 1, 2026, on NBC and Peacock
2.0
07-22NASDAQ.COMMonarch Casino Stock Isn’t Cheap, But It Might Be Worth It
Sign Up For More News
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FAQ

What is Churchill Downs Inc (CHDN) stock price today?
The current price of CHDN is 113.75 USD — it has increased 4.2 % in the last trading day.

What is Churchill Downs Inc (CHDN)'s business?

What is the price predicton of CHDN Stock?

What is Churchill Downs Inc (CHDN)'s revenue for the last quarter?

What is Churchill Downs Inc (CHDN)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Churchill Downs Inc (CHDN)'s fundamentals?

How many employees does Churchill Downs Inc (CHDN). have?
