Churchill Downs (NASDAQ:CHDN) Price Target Lowered to $124.00 at Wells Fargo & Company

Churchill Downs (NASDAQ:CHDN) had its price target lowered by Wells Fargo & Company from $125.00 to $124.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th. Citizens Jmp lifted their target price on shares of Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Churchill Downs currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Churchill Downs Price Performance

Shares of CHDN traded up $1.56 on Friday, reaching $91.93. The stock had a trading volume of 1,283,179 shares, compared to its average volume of 932,757. The firm has a market capitalization of $6.41 billion, a PE ratio of 17.48, a PEG ratio of 1.31 and a beta of 0.67. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.87. The firm has a 50-day moving average of $102.13 and a 200 day moving average of $101.82. Churchill Downs has a twelve month low of $85.58 and a twelve month high of $119.11.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $665.90 million during the quarter, compared to analysts’ expectations of $658.01 million. Churchill Downs had a return on equity of 42.85% and a net margin of 13.09%.Churchill Downs’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts expect that Churchill Downs will post 6.92 EPS for the current year.

Hedge Funds Weigh In On Churchill Downs

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake 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 during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Churchill Downs during the third quarter worth $25,000. Parkside Financial Bank & Trust grew its position in shares of Churchill Downs by 293.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock valued at $29,000 after purchasing an additional 191 shares during the period. First Horizon Corp acquired a new position in Churchill Downs in the third quarter valued at $26,000. Finally, Quent Capital LLC purchased a new position in Churchill Downs during the third quarter worth about $27,000. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Churchill Downs News Roundup

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.

Churchill Downs Company Profile

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.