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Churchill Downs Incorporated (CHDN)

Consumer Cyclical | Gambling | Louisville, United States | NasdaqGS
79.69 USD -1.37 (-1.690%) ⇩ (Oct. 14, 2026, 12:14 p.m. EDT)

Short-term:★★★☆☆Long-term:★★★⯪☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 10:06 a.m. EDT

The long-term outlook remains constructive despite the recent price weakness, driven by a robust return on equity of 33.8% and a strong analyst consensus targeting a mean price of $128, implying significant upside potential. However, the balance sheet carries substantial risk with a debt-to-equity ratio exceeding 349% and a current ratio below 0.4, which constrains the ability to award a top-tier rating. On the short end, technicals are lagging with the stock trading below both its 50-day and 200-day moving averages, and the statistical forecast leans slightly negative, though the recent earnings beat and strong institutional buying provide a floor. The dividend yield is modest at 0.58%, offering income but falling well below inflation, though the payout ratio is comfortably low at 7.5%, ensuring sustainability.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.042288
AutoARIMA0.042759
AutoETS0.052142
MSTL0.053695

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 51%
H-stat 9.11
Ljung-Box p 0.000
Jarque-Bera p 0.410
Excess Kurtosis -0.32
Attribute Value
Sector Consumer Cyclical
Ex Dividend Date 2025-12-04
Last Dividend Date 2025-12-04
Debt to Equity Ratio 349.173
Revenue per Share 42.803
Market Cap 5,554,412,544
Trailing P/E 13.60
Forward P/E 10.79
Beta 0.77
Profit Margins 13.80%
Website https://www.churchilldownsincorporated.com

As of Oct. 10, 2026, 10:06 a.m. EDT: Speculators are positioning for a range-bound recovery with a bullish bias over the medium term. Near-term expiration (October/November) shows significant put open interest at the $70-$75 strikes, indicating hedging against a drop to those levels. However, December 2026 calls show a volume spike at the $115 strike, while long-dated calls (2027+) have heavy open interest at $100-$120. This suggests traders expect a rebound to the $100+ range within a year, despite the immediate downside protection.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.39% 0.39% 0.34% 0.33%
Dividend History
Date Dividend Yield %
2025-12-05 0.438000 0.389368
2024-12-06 0.409000 0.293864
2023-11-30 0.382000 0.329965
2022-12-01 0.357000 0.321883
2021-12-02 0.333500 0.289975
2020-12-03 0.311000 0.340114
2019-12-05 0.290500 0.447853
2018-12-06 0.271667 0.607281
2017-11-30 0.253333 0.646808
2016-11-30 0.220000 0.862182
2015-12-02 0.191667 0.789891
2014-12-03 0.166667 1.034449
2013-12-04 0.145000 1.000115
2012-11-26 0.120000 1.179168
2011-12-28 0.100000 1.191422
2010-12-29 0.083333 1.131217
2009-12-29 0.083333 1.320650
2008-12-29 0.083333 1.370233
2007-12-26 0.083333 0.894451
2006-12-27 0.083333 1.169312
2005-12-28 0.083333 1.347704
2004-12-29 0.083333 1.118564
2003-12-29 0.083333 1.387342
2002-12-27 0.083333 1.324498
2001-12-27 0.083333 1.451373
2000-12-27 0.083333 1.724131
1999-12-29 0.083333 2.061847
1998-12-29 0.083333 1.587295
1997-12-29 0.083333 2.325572
1996-12-27 0.054167 1.805567
1995-12-27 0.041667 1.587314
1994-12-23 0.041667 1.176480
1993-12-27 0.041667 0.934587
Additional Data
dividendYield 0.54
exDividendDate 2025-12-05
trailingAnnualDividendRate 0.438
trailingAnnualDividendYield 0.005403405
lastDividendValue 0.438
lastDividendDate 2025-12-05
dividendDate 2026-01-06

Info Dump

Attribute Value
52 Week Change -0.06666666
Address1 600 North Hurstbourne Parkway
Address2 Suite 400
All Time High 150.45
All Time Low 2.583333
Ask 86.11
Ask Size 2
Audit Risk 3
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 1,312,680
Average Daily Volume3 Month 1,089,090
Average Volume 1,089,090
Average Volume10Days 1,312,680
Beta 0.769
Bid 74.14
Bid Size 2
Board Risk 2
Book Value 19.157
City Louisville
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 79.69
Current Ratio 0.356
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 81.2
Day Low 78.66
Debt To Equity 349.173
Display Name Churchill Downs
Dividend Date 1,767,657,600
Dividend Yield 0.54
Earnings Call Timestamp End 1,793,304,000
Earnings Call Timestamp Start 1,793,304,000
Earnings Growth 0.144
Earnings Quarterly Growth 0.111
Earnings Timestamp 1,793,217,600
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda 990,700,032
Ebitda Margins 0.33113
Enterprise To Ebitda 10.458
Enterprise To Revenue 3.463
Enterprise Value 10,360,901,632
Eps Current Year 6.8551
Eps Forward 7.3833
Eps Trailing Twelve Months 5.86
Esg Populated 0
Ex Dividend Date 1,764,892,800
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 84.1044
Fifty Day Average Change -4.414398
Fifty Day Average Change Percent -0.052487124
Fifty Two Week Change Percent -6.666666
Fifty Two Week High 118.35
Fifty Two Week High Change -38.659996
Fifty Two Week High Change Percent -0.3266582
Fifty Two Week Low 73.09
Fifty Two Week Low Change 6.600006
Fifty Two Week Low Change Percent 0.09029972
Fifty Two Week Range 73.09 - 118.35
Financial Currency USD
First Trade Date Milliseconds 733,415,400,000
Five Year Avg Dividend Yield 0.33
Float Shares 65,781,695
Forward Eps 7.3833
Forward P E 10.793278
Free Cashflow 138,712,496
Full Exchange Name NasdaqGS
Full Time Employees 6,600
Fullday Change -1.3699951
Fullday Change Percent -1.6901001
Fullday Price 79.69
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.34179002
Gross Profits 1,022,600,000
Has Pre Post Market Data 1
Held Percent Insiders 0.05908
Held Percent Institutions 0.89368
Implied Shares Outstanding 69,700,243
Industry Gambling
Industry Disp Gambling
Industry Key gambling
Ir Website http://www.churchilldowns.com/about/investor.html
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,764,892,800
Last Dividend Value 0.438
Last Fiscal Year End 1,767,139,200
Last Split Date 1,684,713,600
Last Split Factor 2:1
Long Business Summary Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Long Name Churchill Downs Incorporated
Market us_market
Market Cap 5,554,412,544
Market State REGULAR
Max Age 86,400
Message Board Id finmb_260619
Most Recent Quarter 1,782,777,600
Net Income To Common 412,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 5,608,081,551
Number Of Analyst Opinions 12
Open 80.87
Operating Cashflow 794,800,000
Operating Margins 0.36530998
Overall Risk 4
Payout Ratio 0.0747
Peg Ratio 1.69
Phone 502 636 4400
Previous Close 81.06
Price Eps Current Year 11.624922
Price Hint 2
Price To Book 4.1598372
Price To Sales Trailing12 Months 1.8564835
Profit Margins 0.13804
Quick Ratio 0.239
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.25
Region US
Regular Market Change -1.3699951
Regular Market Change Percent -1.6901001
Regular Market Day High 81.2
Regular Market Day Low 78.66
Regular Market Day Range 78.66 - 81.2
Regular Market Open 80.87
Regular Market Previous Close 81.06
Regular Market Price 79.69
Regular Market Time 1,791,994,455
Regular Market Volume 282,054
Return On Assets 0.06481
Return On Equity 0.33848
Revenue Growth 0.049
Revenue Per Share 42.803
Sand P52 Week Change 0.17004645
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Share Holder Rights Risk 7
Shares Outstanding 69,700,243
Shares Percent Shares Out 0.0708
Shares Short 4,933,609
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 4,152,144
Short Name Churchill Downs, Incorporated
Short Percent Of Float 0.075100005
Short Ratio 4.32
Source Interval 15
State KY
Symbol CHDN
Target High Price 153.0
Target Low Price 100.0
Target Mean Price 127.66667
Target Median Price 124.5
Total Cash 196,000,000
Total Cash Per Share 2.812
Total Debt 4,856,999,936
Total Revenue 2,991,899,904
Tradeable 0
Trailing Annual Dividend Rate 0.438
Trailing Annual Dividend Yield 0.005403405
Trailing Eps 5.86
Trailing P E 13.598976
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 89.9244
Two Hundred Day Average Change -10.234398
Two Hundred Day Average Change Percent -0.113811135
Type Disp Equity
Volume 282,054
Website https://www.churchilldownsincorporated.com
Zip 40,222