Churchill Downs (NASDAQ:CHDN) Given New $126.00 Price Target at Mizuho

Churchill Downs (NASDAQ:CHDN) had its target price increased by analysts at Mizuho from $125.00 to $126.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho‘s price objective would indicate a potential upside of 38.22% from the company’s current price.

CHDN has been the topic of several other research reports. Citizens Jmp lowered their target price on Churchill Downs from $137.00 to $131.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 13th. Stifel Nicolaus set a $132.00 price objective on shares of Churchill Downs and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price objective (up from $117.00) on shares of Churchill Downs in a research report on Monday, October 19th. Citigroup reiterated a “market outperform” rating on shares of Churchill Downs in a report on Tuesday, October 13th. Finally, Truist Financial dropped their price target on Churchill Downs from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Ten 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, Churchill Downs currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.78.

Churchill Downs Price Performance

Shares of NASDAQ:CHDN opened at $91.16 on Friday. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.87 and a beta of 0.77. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50 day simple moving average is $82.88 and its 200-day simple moving average is $88.33. 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 data on Wednesday, October 28th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.10. The firm had revenue of $696.00 million during the quarter, compared to the consensus estimate of $695.16 million. Churchill Downs had a return on equity of 41.89% and a net margin of 15.15%. Churchill Downs’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. As a group, equities analysts forecast that Churchill Downs will post 6.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Churchill Downs

Hedge funds have recently bought and sold shares of the company. Kimelman & Baird LLC bought a new stake in shares of Churchill Downs in the 2nd quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Churchill Downs in the second quarter valued at $29,000. Root Financial Partners LLC lifted its stake in Churchill Downs by 1,173.1% in the first quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock valued at $30,000 after buying an additional 305 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Churchill Downs during the second quarter valued at $36,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Churchill Downs during the first quarter valued at $50,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs News Roundup

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

Churchill Downs Company Profile

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.