Churchill Downs, Incorporated (NASDAQ:CHDN) Stock Rated “Moderate Buy” by Wall Street Analysts

Posted by Stanley Muller on Oct 12th, 2026

Churchill Downs, Incorporated (NASDAQ:CHDN – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $134.89.

A number of equities research analysts have recently weighed in on CHDN shares. Weiss Ratings raised shares of Churchill Downs from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Susquehanna increased their price target on shares of Churchill Downs from $121.00 to $124.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Mizuho increased their price target on shares of Churchill Downs from $155.00 to $157.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a report on Thursday, July 2nd. Finally, Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research report on Friday, July 31st.

Get Our Latest Research Report on CHDN

Churchill Downs Stock Performance

Shares of CHDN stock opened at $79.96 on Wednesday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.76 and a beta of 0.77. The stock has a fifty day moving average of $84.28 and a 200 day moving average of $86.92. Churchill Downs has a 52 week low of $73.08 and a 52 week high of $118.35. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.06.

Churchill Downs (NASDAQ:CHDN – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.45. Churchill Downs had a net margin of 13.82% and a return on equity of 42.16%. The business had revenue of $980.00 million for the quarter, compared to the consensus estimate of $977.38 million. During the same period in the previous year, the firm earned $3.10 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that Churchill Downs will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHDN. BlackRock Inc. purchased a new position in Churchill Downs during the second quarter valued at $555,948,000. William Blair Investment Management LLC bought a new stake in Churchill Downs in the second quarter worth $92,340,000. Bank of America Corp DE purchased a new stake in shares of Churchill Downs in the second quarter worth $69,099,000. Jupiter Topco LLC purchased a new stake in shares of Churchill Downs in the second quarter worth $67,787,000. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Churchill Downs by 94.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,020,393 shares of the company’s stock valued at $116,100,000 after acquiring an additional 494,553 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

About Churchill Downs

(Get Free Report)

Churchill Downs Incorporated is a gaming, racing and entertainment company headquartered in Louisville, Kentucky. The company traces its origins to Churchill Downs Racetrack, which hosted the first Kentucky Derby in 1875 and remains its flagship property. Churchill Downs Incorporated operates and supports Thoroughbred racing, pari-mutuel wagering, casino gaming and related hospitality businesses.

The company’s operations include live and historical horse-racing venues, traditional casinos and historical racing-machine facilities.