Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Churchill Downs, Online Wagering, and Gaming. As of March 18, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; seven retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses; and provides totalizator services. Churchill Downs Incorporated was incorporated in 1928 and is headquartered in Louisville, Kentucky.
IPO Year:
Exchange: NASDAQ
Website: churchilldownsincorporated.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2024 | $145.00 → $155.00 | Neutral → Buy | BofA Securities |
| 4/15/2024 | $137.00 → $141.00 | Equal Weight → Overweight | Wells Fargo |
| 3/26/2024 | $142.00 | Buy | Mizuho |
| 1/5/2024 | $135.00 → $137.00 | Overweight → Equal Weight | Wells Fargo |
| 10/12/2023 | $144.00 | Overweight | CapitalOne |
| 10/3/2023 | $148.00 | Buy | Stifel |
| 3/17/2023 | $300.00 | Buy | Truist |
| 1/17/2023 | $273.00 | Mkt Outperform | JMP Securities |
| 12/8/2022 | $243.00 | Neutral | JP Morgan |
| 2/28/2022 | $270.00 → $300.00 | Overweight | Keybanc |
LOUISVILLE, Ky., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or the "Company") (NASDAQ:CHDN) announced today the appointment of Andréa Carter to the Company's Board of Directors. Ms. Carter has amassed over 20 years of professional experience in the field of human resources across multiple industries and major organizations, and is currently serving as Senior Executive Vice President and Chief Human Resources Officer for Global Payments, Inc. in Atlanta. Prior to joining Global Payments, Inc. in 2017, Ms. Carter was Chief HR Officer for Habitat for Humanity and has held various executive HR roles at Ralph Lauren, Newell Rubbermaid and The Home Depot. She holds a
LOUISVILLE, Ky., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or the "Company") (NASDAQ:CHDN) announced today that Austin Miller will retire effective March 1, 2022, after eight years as Senior Vice President of Gaming Operations with the Company. Miller's 15-year tenure with CDI started as President of Fair Grounds Race Course & Slots in New Orleans, Louisiana, where he led the design, construction and opening of the Company's first casino gaming operation. In 2010, Miller was named President of Calder Casino in Miami Gardens, Florida, before transitioning to CDI's corporate headquarters in Louisville, Kentucky, in 2013. "Austin has been central to the growth a
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LOUISVILLE, Ky., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") (NASDAQ:CHDN) announced today the grand opening of The Rose Gaming Resort ("The Rose") in Dumfries, Virginia. The worldclass entertainment resort includes 1,650 historical racing machines ("HRMs"), 8 bars and restaurants and a hotel with over 100 rooms and event space. The 175,000-square-foot entertainment venue has 2,500 parking spaces and 62 acres of greenspace with a 7-acre public park. "Churchill Downs Incorporated is thrilled to deliver a destination resort that will be a major economic contributor to the Town of Dumfries and Northern Virginia," said Bill Carstanjen, CEO of CDI. "
LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today the planned development of a $40 to $50 million historical racing machine ("HRM") entertainment venue in Calvert City, Kentucky. CDI plans to open the new 23,000 square-foot facility with 250 HRMs, a sports bar and a sportsbook, and a simulcast center in early 2026. The new facility will serve as an extension of Oak Grove Racing, Gaming and Hotel ("Oak Grove") and will be CDI's eighth historical horse racing entertainment venue in the Commonwealth of Kentucky. About Churchill Downs Incorporated Churchill Downs Incorporated ("CDI") (NASDAQ:CHDN) has been creating extrao
LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI", "we") today reported business results for the third quarter ended September 30, 2024. Company Highlights Third quarter results: Record net revenue of $628.5 million compared to $572.5 million in third quarter 2023Record net income attributable to CDI of $65.4 million compared to $61.0 million in third quarter 2023Record Adjusted EBITDA of $235.3 million compared to $218.2 million in third quarter 2023 Delivered record third quarter revenue and Adjusted EBITDA across both our Live and Historical Racing and Gaming segments and record third quarter Adjusted EBITDA in our Twin
LOUISVILLE, Ky., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that the Company will release third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024, and host a related conference call to discuss the quarter on Thursday, October 24, 2024, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or by registering in advance via teleconference here. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access
LOUISVILLE, Ky., July 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today an $80-$90 million renovation to the existing grandstand at Churchill Downs Racetrack ("Churchill Downs") that will update ticketed seating options while significantly improving and adding to the amenities available for all guests in the grandstand area. Construction on the Grandstand Club and Pavilion is scheduled to begin in August with completion planned in time for the 151st Kentucky Derby in May 2025. The renovation of the Grandstand Club will transform existing outdoor aluminum bleachers into a combination of 8,300 new comfortable seating varieties. Updated seatin
LOUISVILLE, Ky., July 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "Company") announced today that Robert L. Fealy retired from CDI's Board of Directors on July 23, 2024. "We are grateful for Bob's long-term exemplary service as a board member of Churchill Downs Incorporated," said Bill Carstanjen, CDI's President and Chief Executive Officer. "We will miss his perspective, insight, and dedication to our Company. I want to also personally thank him for his friendship and wisdom over the many years we have worked together." About Churchill Downs Incorporated Churchill Downs Incorporated ("CDI") (NASDAQ:CHDN) has been creating extraordinary entertainment experi
LOUISVILLE, Ky., July 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI", "we") today reported business results for the second quarter ended June 30, 2024. Company Highlights All-time record net revenue of $890.7 million compared to $768.5 million in second quarter 2023Net income attributable to CDI of $209.3 million compared to $143.0 million in second quarter 2023All-time record Adjusted EBITDA of $444.8 million compared to $363.7 million in second quarter 2023Delivered record second quarter revenue and Adjusted EBITDA across all of our reporting segments Live and Historical revenue up 20% and Adjusted EBITDA up 25% compared to the second quar
LOUISVILLE, Ky., July 03, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") (NASDAQ:CHDN) announced today that CDI successfully closed an amendment of its senior secured credit agreement to extend the maturity date of its revolving credit facility and term loan A facility from 2027 to 2029 and to make certain other changes to its existing credit agreement. About Churchill Downs Incorporated Churchill Downs Incorporated ("CDI") (NASDAQ:CHDN) has been creating extraordinary entertainment experiences for over 150 years, beginning with the company's most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through
Malta's National Lottery becomes first gaming operator outside the US to offer HHR solutions supporting international expansion for IGT and Exacta Systems LONDON, July 3, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) and Churchill Downs Incorporated ("CDI") (NASDAQ:CHDN) announced today that they have expanded their HHR technology footprints to Malta via an agreement with National Lottery plc, a subsidiary of IZI Group. Per the agreement, IGT product will initially represent 100-percent HHR floor share at National Lottery's first HHR venue, IZIBINGO situated in St. Paul's Bay, and Exacta Services, Inc., a subsidiary of CDI, will power the property's gaming floor
LOUISVILLE, Ky., June 27, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that Michael Lilly has been promoted to President of TwinSpires Horse Racing, the leading provider of legal online horse betting sites and the official wagering partner of the Kentucky Derby. In this role, Lilly will be responsible for the overall strategy and operation of the TwinSpires Horse Racing business within CDI's TwinSpires Segment. Lilly brings over 20 years of financial experience and organizational leadership experience to the role. Lilly joined CDI in 2018 as the Senior Director of Finance at Arlington Racecourse before his promotion to Vice President of Fi
Churchill Downs Incorporated ("CDI" or "the Company") announced today an $80-$90 million renovation to the existing grandstand at Churchill Downs Racetrack ("Churchill Downs") that will update ticketed seating options while significantly improving and adding to the amenities available for all guests in the grandstand area. Construction on the Grandstand Club and Pavilion is scheduled to begin in August with completion planned in time for the 151st Kentucky Derby in May 2025.
Churchill Downs (NASDAQ:CHDN) reported quarterly earnings of $2.79 per share which beat the analyst consensus estimate of $2.69 by 3.72 percent. The company reported quarterly sales of $890.700 million which beat the analyst consensus estimate of $856.466 million by 4.00 percent. This is a 15.90 percent increase over sales of $768.500 million the same period last year.
Stifel analyst Jeffrey Stantial maintains Churchill Downs (NASDAQ:CHDN) with a Buy and raises the price target from $153 to $160.
Truist Securities analyst Barry Jonas maintains Churchill Downs (NASDAQ:CHDN) with a Buy and raises the price target from $145 to $165.
JMP Securities analyst Jordan Bender maintains Churchill Downs (NASDAQ:CHDN) with a Market Outperform and raises the price target from $156 to $158.
Wells Fargo analyst Daniel Politzer maintains Churchill Downs (NASDAQ:CHDN) with a Overweight and raises the price target from $145 to $150.
Churchill Downs (NASDAQ:CHDN) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 2 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $149.67, a high estimate of $160.00, and a low estimate of $141.00. This upward trend is apparent, with the cu
Jefferies analyst David Katz maintains Churchill Downs (NASDAQ:CHDN) with a Buy and raises the price target from $153 to $160.
Churchill Downs's (NYSE:CHDN) short percent of float has fallen 5.99% since its last report. The company recently reported that it has 1.75 million shares sold short, which is 2.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
BofA Securities upgraded Churchill Downs from Neutral to Buy and set a new price target of $155.00 from $145.00 previously
Wells Fargo upgraded Churchill Downs from Equal Weight to Overweight and set a new price target of $141.00 from $137.00 previously
Mizuho initiated coverage of Churchill Downs with a rating of Buy and set a new price target of $142.00
Wells Fargo downgraded Churchill Downs from Overweight to Equal Weight and set a new price target of $137.00 from $135.00 previously
CapitalOne initiated coverage of Churchill Downs with a rating of Overweight and set a new price target of $144.00
Stifel initiated coverage of Churchill Downs with a rating of Buy and set a new price target of $148.00
Truist initiated coverage of Churchill Downs with a rating of Buy and set a new price target of $300.00
JMP Securities initiated coverage of Churchill Downs with a rating of Mkt Outperform and set a new price target of $273.00
JP Morgan resumed coverage of Churchill Downs with a rating of Neutral and set a new price target of $243.00
Keybanc reiterated coverage of Churchill Downs with a rating of Overweight and set a new price target of $300.00 from $270.00 previously
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LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI", "we") today reported business results for the third quarter ended September 30, 2024. Company Highlights Third quarter results: Record net revenue of $628.5 million compared to $572.5 million in third quarter 2023Record net income attributable to CDI of $65.4 million compared to $61.0 million in third quarter 2023Record Adjusted EBITDA of $235.3 million compared to $218.2 million in third quarter 2023 Delivered record third quarter revenue and Adjusted EBITDA across both our Live and Historical Racing and Gaming segments and record third quarter Adjusted EBITDA in our Twin
LOUISVILLE, Ky., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that the Company will release third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024, and host a related conference call to discuss the quarter on Thursday, October 24, 2024, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or by registering in advance via teleconference here. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access
LOUISVILLE, Ky., July 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI", "we") today reported business results for the second quarter ended June 30, 2024. Company Highlights All-time record net revenue of $890.7 million compared to $768.5 million in second quarter 2023Net income attributable to CDI of $209.3 million compared to $143.0 million in second quarter 2023All-time record Adjusted EBITDA of $444.8 million compared to $363.7 million in second quarter 2023Delivered record second quarter revenue and Adjusted EBITDA across all of our reporting segments Live and Historical revenue up 20% and Adjusted EBITDA up 25% compared to the second quar
LOUISVILLE, Ky., June 21, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that the Company will release second quarter 2024 financial results after the market closes on Wednesday, July 24, 2024, and host a related conference call to discuss the quarter on Thursday, July 25, 2024, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or by registering in advance via teleconference here. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the
LOUISVILLE, Ky., April 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI", "we") today reported business results for the first quarter ended March 31, 2024. Company Highlights First quarter results: Record net revenue of $590.9 million, up 6% compared to the prior year quarter.Net income of $80.4 million, down 48% compared to the prior year quarter.Record Adjusted EBITDA of $242.5 million, up 9% compared to the prior year quarter. Delivered record first quarter revenue and Adjusted EBITDA for both our Live and Historical and TwinSpires segments Live and Historical revenue up 15% and Adjusted EBITDA up 23% compared to the first quarter of 2023Twi
LOUISVILLE, Ky., March 28, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that the Company will release first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024, and host a related conference call to discuss the quarter on Thursday, April 25, 2024, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or by registering in advance via teleconference here. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the
LOUISVILLE, Ky., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI") today reported business results for the quarter and full year ended December 31, 2023. Company Highlights Record 2023 net revenue of $2.5 billion, up 36% compared to $1.8 billion in the prior year.2023 net income of $417 million, down 5% compared to $439 million in the prior year.Record 2023 Adjusted EBITDA of $1.0 billion, up 34% compared to $0.8 billion in the prior year.We successfully ran the 149th Kentucky Derby on the first Saturday in May generating record Derby Week all-sources handle and record Derby Week contribution to Adjusted EBITDA.Derby City Gaming expanded
LOUISVILLE, Ky., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that the Company will release fourth quarter and full year 2023 financial results after the market closes on Wednesday, February 21, 2024, and host a related conference call to discuss the quarter on Thursday, February 22, 2024, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or by registering in advance via teleconference here. Once registration is completed, participants will be provided with a dial-in number containing a personalized conferenc
LOUISVILLE, Ky., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI") today reported business results for the third quarter ended September 30, 2023. Company Highlights Third quarter results: Record net revenue of $572.5 million, up 49% compared to the prior year quarter.Net income of $61.0 million, up 7% compared to the prior year quarter.Record Adjusted EBITDA of $218.2 million, up 34% compared to the prior year quarter. Delivered record third quarter revenue and Adjusted EBITDA across our Live and Historical Racing and Gaming segments and record third quarter Adjusted EBITDA in our TwinSpires segment: Live and Historical Racing rev
LOUISVILLE, Ky., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") announced today that the Company will release third quarter 2023 financial results after the market closes on Wednesday, October 25, 2023, and host a related conference call to discuss the quarter on Thursday, October 26, 2023, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or by registering in advance via teleconference here. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access