Churchill Downs (NASDAQ:CHDN) Stock Price Expected to Rise, Mizuho Analyst Says

Churchill Downs (NASDAQ:CHDN) had its price target raised by research analysts at Mizuho from $125.00 to $126.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho‘s price target points to a potential upside of 38.22% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Truist Financial reduced their price objective on shares of Churchill Downs from $145.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Susquehanna dropped their price target on shares of Churchill Downs from $124.00 to $115.00 and set a “positive” rating on the stock in a research report on Wednesday, October 21st. Wolfe Research began coverage on shares of Churchill Downs in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $119.00 price objective for the company. Stifel Nicolaus set a $132.00 price objective on shares of Churchill Downs and gave the company a “buy” rating in a research note on Tuesday. Finally, Citigroup reissued a “market outperform” rating on shares of Churchill Downs in a report on Tuesday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average target price of $125.78.

Churchill Downs Stock Performance

Shares of NASDAQ CHDN opened at $91.16 on Friday. The stock has a 50 day simple moving average of $82.88 and a 200-day simple moving average of $88.33. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 3.06. The company has a market cap of $6.35 billion, a PE ratio of 14.16, a P/E/G ratio of 0.87 and a beta of 0.77. Churchill Downs has a 12-month low of $73.08 and a 12-month high of $118.35.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. Churchill Downs had a return on equity of 41.89% and a net margin of 15.15%. The company had revenue of $696.00 million during the quarter, compared to analysts’ expectations of $695.16 million. During the same quarter in the prior year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Churchill Downs will post 6.98 EPS for the current year.

Hedge Funds Weigh In On Churchill Downs

Several hedge funds have recently made changes to their positions in the business. Kimelman & Baird LLC acquired a new stake in Churchill Downs during the second quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Churchill Downs during the second quarter worth approximately $29,000. Root Financial Partners LLC grew its position in Churchill Downs by 1,173.1% in the first quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock worth $30,000 after buying an additional 305 shares during the last quarter. Twin Tree Management LP acquired a new position in Churchill Downs in the second quarter worth approximately $36,000. Finally, NewEdge Advisors LLC acquired a new position in Churchill Downs in the first quarter worth approximately $50,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Key Stories Impacting Churchill Downs

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

• Positive Sentiment: Third-quarter earnings beat expectations: Churchill Downs reported adjusted EPS of $1.23, above the $1.13 analyst consensus and up from $1.09 a year earlier. Revenue rose 1.9% year over year to $696 million, narrowly exceeding estimates. Churchill Downs 2026 Third Quarter Results
• Positive Sentiment: $750 million share-repurchase program: The new authorization gives Churchill Downs additional capacity to buy back shares, potentially supporting EPS and signaling management’s view that the stock is attractively valued. Churchill Downs Announces New Share Repurchase Program
• Positive Sentiment: Dividend increased: The annual dividend was raised 7.1% to $0.469 per share, payable January 5, 2027, adding to the company’s shareholder-return appeal. Churchill Downs Dividend Announcement
• Positive Sentiment: Technical momentum improved: CHDN shares broke above their 200-day moving average, a development that can attract technical buyers and reinforce the positive reaction to the earnings report. Churchill Downs Shares Break Above 200-Day Moving Average
• Positive Sentiment: Local approvals for a relocated historical racing machine entertainment venue in Henry County, Virginia, support Churchill Downs’ expansion pipeline and future regional gaming revenue. Henry County HRM Venue Approval
• Neutral Sentiment: Stifel lowered its price target to $131 but kept CHDN on its Select List, indicating a more cautious valuation view while maintaining a favorable overall recommendation. Stifel Churchill Downs Price Target
• Neutral Sentiment: The appointment of Michael Tucker as a Class II director expands the board but is unlikely to materially affect near-term earnings. Michael Tucker Board Appointment

About Churchill Downs

Churchill Downs Incorporated (NASDAQ: CHDN) is a gaming, racing and entertainment company best known for operating Churchill Downs Racetrack in Louisville, Kentucky, the home of the Kentucky Derby. The company traces its history to the opening of Churchill Downs in 1875 and has expanded its operations beyond traditional Thoroughbred racing.

Its business activities include live and historical horse racing, pari-mutuel wagering, casino gaming, video lottery and related entertainment offerings.