Brokerages Set Churchill Downs, Incorporated (NASDAQ:CHDN) Price Target at $135.10

Churchill Downs, Incorporated (NASDAQ:CHDN) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $135.00.

Several research firms have commented on CHDN. Citizens Jmp upped their price objective on Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. Wells Fargo & Company dropped their price target on shares of Churchill Downs from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th.

Hedge Funds Weigh In On Churchill Downs

A number of hedge funds have recently bought and sold shares of CHDN. Measured Wealth Private Client Group LLC purchased a new stake in shares of Churchill Downs in the third quarter valued at approximately $25,000. First Horizon Corp acquired a new stake in Churchill Downs in the 3rd quarter valued at $26,000. Quent Capital LLC acquired a new stake in Churchill Downs in the 3rd quarter valued at $27,000. Geneos Wealth Management Inc. increased its holdings in Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after acquiring an additional 232 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Churchill Downs by 1,670.6% during the third quarter. Farther Finance Advisors LLC now owns 301 shares of the company’s stock worth $29,000 after acquiring an additional 284 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Churchill Downs Price Performance

Shares of CHDN opened at $91.93 on Tuesday. The business’s 50-day moving average is $102.13 and its two-hundred day moving average is $101.81. The company has a market capitalization of $6.41 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.33 and a beta of 0.67. Churchill Downs has a fifty-two week low of $85.58 and a fifty-two week high of $119.11. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.57 and a current ratio of 0.57.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, February 25th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $665.90 million for the quarter, compared to the consensus estimate of $658.01 million. Churchill Downs had a return on equity of 42.85% and a net margin of 13.09%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. Research analysts predict that Churchill Downs will post 6.92 earnings per share for the current year.

More Churchill Downs News

Here are the key news stories impacting Churchill Downs this week:

• Positive Sentiment: Q4 earnings and revenue beat consensus (EPS $0.97 vs. $0.85 est.), driven by live racing and historical-racing performance — supports near-term earnings momentum. Churchill Downs posts Q4 earnings and revenue beat
• Positive Sentiment: Management signaled $15M–$20M of incremental Derby-week EBITDA in 2026 as Derby Week expands — a clear near-term profit lever and driver of operating leverage. Derby Week EBITDA guidance
• Positive Sentiment: New gaming venue opened in Kentucky, expanding regional footprint and local revenue streams — supports longer-term organic growth. Churchill Downs opens newest gaming venue
• Positive Sentiment: Reported full-year profits ($383M for 2025) — reinforces cash-generation profile that can fund Derby expansion, capex or capital returns. Churchill Downs Reports Profits Of $383 Million In 2025
• Neutral Sentiment: Analyst note: Wells Fargo trimmed its price target slightly from $125 to $124 but kept an “overweight” rating — a small signal of confidence despite modest margin on valuation. Wells Fargo price target update
• Neutral Sentiment: Earnings-call transcript and multiple write-ups detail drivers (historical racing, sports betting, live events) — useful for modeling revenue mix and margin assumptions. Q4 2025 earnings call transcript
• Negative Sentiment: Balance-sheet and liquidity remain watch items (high reported debt-to-equity and low current/quick ratios), which could constrain flexibility if growth requires incremental capital — monitor leverage and free-cash-flow conversion.
• Neutral Sentiment: Short-interest data reported appears inconsistent (reported zero/share change) and is not signaling a clear bearish bet; treat recent short-interest figures with caution until clarified.

About Churchill Downs

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.