--- title: "Churchill Downs (NASDAQ:CHDN) Stock Price Up 4.7% - Here's What Happened" type: "News" locale: "en" url: "https://longbridge.com/en/news/297359844.md" description: "Churchill Downs (CHDN) stock rose 4.7% to $90.59, with trading volume down 62%. Analysts maintain a 'Moderate Buy' consensus with a $136.88 target price. Recent ratings include Weiss's 'sell', Jefferies' 'buy', and Susquehanna's upgraded 'positive'. The company reported Q2 EPS of $3.45, meeting estimates, with revenue up 4.9% YoY. Institutional investors increased holdings significantly in Q2." datetime: "2026-08-28T18:20:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297359844.md) - [en](https://longbridge.com/en/news/297359844.md) - [zh-HK](https://longbridge.com/zh-HK/news/297359844.md) generator: "portal-rs" --- # Churchill Downs (NASDAQ:CHDN) Stock Price Up 4.7% - Here's What Happened Churchill Downs, Incorporated (NASDAQ:CHDN - Get Free Report)'s stock price was up 4.7% during trading on Friday . The company traded as high as $90.70 and last traded at $90.59. Approximately 371,222 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 970,497 shares. The stock had previously closed at $86.51. Get **Churchill Downs** alerts: ## Wall Street Analysts Forecast Growth - Churchill Downs: The Derby Is Just the Beginning A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Churchill Downs in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Churchill Downs in a research report on Thursday, July 2nd. Susquehanna lifted their target price on shares of Churchill Downs from $121.00 to $124.00 and gave the stock a "positive" rating in a report on Friday, July 31st. Truist Financial set a $145.00 price objective on Churchill Downs in a research report on Friday, June 12th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Churchill Downs in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Churchill Downs currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.88. **Read Our Latest Stock Analysis on Churchill Downs** ## Churchill Downs Stock Up 4.3% - Why Flutter Entertainment May Be a Resilient Sports Betting Stock The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.06. The company has a fifty day simple moving average of $87.21 and a 200-day simple moving average of $88.67. The firm has a market cap of $6.29 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.68. Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.45 earnings per share for the quarter, meeting analysts' consensus estimates of $3.45. Churchill Downs had a return on equity of 42.16% and a net margin of 13.82%.The firm had revenue of $980.00 million for the quarter, compared to analysts' expectations of $977.38 million. During the same period in the previous year, the firm earned $3.10 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Churchill Downs, Incorporated will post 7.14 earnings per share for the current year. ## Institutional Inflows and Outflows - Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Churchill Downs by 8,697.6% during the second quarter. California State Teachers Retirement System now owns 6,477,297 shares of the company's stock valued at $580,625,000 after acquiring an additional 6,403,671 shares during the period. BlackRock Inc. purchased a new stake in shares of Churchill Downs during the second quarter worth about $555,948,000. William Blair Investment Management LLC bought a new stake in Churchill Downs during the 2nd quarter valued at approximately $92,340,000. Norges Bank bought a new stake in Churchill Downs during the 4th quarter valued at approximately $90,529,000. Finally, AQR Capital Management LLC lifted its holdings in Churchill Downs by 22,974.8% in the 2nd quarter. AQR Capital Management LLC now owns 788,006 shares of the company's stock worth $79,352,000 after purchasing an additional 784,591 shares in the last quarter. Institutional investors own 82.59% of the company's stock. ## About Churchill Downs (Get Free Report) Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide. In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states. ## Further Reading - Five stocks we like better than Churchill Downs - 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole - IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings - Boeing's $131B F-15 Win: Mach 1 Momentum or Just Altitude? - Okta Stock Surges 29%—Is $200 the Next Stop? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Churchill Downs Right Now? Before you consider Churchill Downs, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Churchill Downs wasn't on the list. While Churchill Downs currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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