Two Sigma Securities LLC Invests $1.48 Million in Churchill Downs, Incorporated $CHDN

Posted by Brian Himes on Sep 1st, 2026

Two Sigma Securities LLC acquired a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,510 shares of the company’s stock, valued at approximately $1,480,000.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Churchill Downs by 29.8% during the 1st quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock worth $373,000 after buying an additional 784 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Churchill Downs by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock valued at $53,675,000 after purchasing an additional 121,204 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Churchill Downs by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock valued at $25,080,000 after purchasing an additional 15,161 shares during the period. Geneos Wealth Management Inc. grew its stake in Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Churchill Downs during the 2nd quarter worth $229,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Trading Down 2.7%

Shares of CHDN opened at $87.48 on Tuesday. Churchill Downs, Incorporated has a twelve month low of $79.40 and a twelve month high of $118.35. The firm has a market capitalization of $6.10 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 3.06. The stock’s fifty day simple moving average is $87.27 and its 200 day simple moving average is $88.57.

Churchill Downs (NASDAQ:CHDN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.45 EPS for the quarter, hitting the consensus estimate of $3.45. Churchill Downs had a return on equity of 42.16% and a net margin of 13.82%.The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $977.38 million. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.10 earnings per share. On average, equities research analysts forecast that Churchill Downs, Incorporated will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CHDN. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research report on Friday, July 31st. Mizuho increased their price target on shares of Churchill Downs from $155.00 to $157.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Thursday, July 2nd. Wells Fargo & Company decreased their price target on shares of Churchill Downs from $120.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Susquehanna lifted their target price on Churchill Downs from $121.00 to $124.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Churchill Downs has an average rating of “Moderate Buy” and an average price target of $136.88.

Get Our Latest Analysis on CHDN

Churchill Downs Profile

(Free Report)

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.