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CHDN

Churchill Downs Incorporated

CHDN

NASDAQ·Consumer Cyclical·Gambling, Resorts & Casinos·Mkt cap $6.2B

$90.91

+1.97%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$80.24 - $118.46

P/E

16.71

Fwd P/E

13.05

Beta

0.68

Div Yield

0.49%

Avg Vol

1.0M

Shares Out

69.7M

Mkt Cap

$6.2B

Price action

Price chart

Down 15.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Historic brand heritage and iconic venues dating back to 1875
  • Diversified revenue streams across racing, online, and casino operations
  • Established technological infrastructure including proprietary wagering systems
  • Multi-state gaming licenses and regulatory relationships

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Stable outlook

Expansion of online sports betting and iGaming through TwinSpires

Value

Undervalued - trading well below Casino & Gaming peers

Momentum

Stable

+0.1% over 3m

Quality

Stable

Excellent business quality

Dividend

Token

0.49% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 29, 2026

LATEST RECAP

Earnings recap unavailable for this period.

EPS surprise · last 4Q

Q1 26

$1.16

Q4 25

$0.71

Q3 25

$0.54

Q2 25

$3.03

Next: Jul 29, 2026

Revenue trend · last 8Q

+5%

+9%

+7%

+3%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$890.7M

$628.5M

$624.2M

$642.6M

$934.4M

$683.0M

$665.9M

$663.0M

Margins · last 8Q

Gross

30.6%

Operating

21.7%

Profit

12.2%

Wall Street consensus

4 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

100%

Hold

0%

Sell

0%

Median Price Target

Latest: Macquarie · May 19, 2026

vs Industry

How CHDN stacks vs Gambling, Resorts & Casinos

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.