Wells Fargo & Company Cuts Churchill Downs (NASDAQ:CHDN) Price Target to $124.00

Churchill Downs (NASDAQ:CHDN) had its target price cut by Wells Fargo & Company from $125.00 to $124.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Finally, Citizens Jmp boosted their price objective on Churchill Downs from $142.00 to $146.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.00.

Churchill Downs Trading Up 1.7%

Shares of CHDN opened at $91.93 on Friday. The business has a 50-day moving average of $102.13 and a 200 day moving average of $101.80. Churchill Downs has a fifty-two week low of $85.58 and a fifty-two week high of $119.11. The firm has a market cap of $6.41 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.34 and a beta of 0.65. The company has a debt-to-equity ratio of 5.02, a quick ratio of 0.60 and a current ratio of 0.60.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $665.90 million for the quarter, compared to the consensus estimate of $658.01 million. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, research analysts forecast that Churchill Downs will post 6.92 EPS for the current year.

Institutional Trading of Churchill Downs

A number of large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its position in shares of Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Churchill Downs in the 3rd quarter worth approximately $25,000. Parkside Financial Bank & Trust increased its holdings in shares of Churchill Downs by 293.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after buying an additional 191 shares during the last quarter. First Horizon Corp bought a new position in shares of Churchill Downs in the 3rd quarter worth $26,000. Finally, Quent Capital LLC purchased a new stake in shares of Churchill Downs during the 3rd quarter valued at $27,000. Institutional investors own 82.59% of the company’s stock.

More Churchill Downs News

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

• Positive Sentiment: Q4 earnings and revenue beat consensus (EPS $0.97 vs. $0.85 est.), driven by live racing and historical-racing performance — supports near-term earnings momentum. Churchill Downs posts Q4 earnings and revenue beat
• Positive Sentiment: Management signaled $15M–$20M of incremental Derby-week EBITDA in 2026 as Derby Week expands — a clear near-term profit lever and driver of operating leverage. Derby Week EBITDA guidance
• Positive Sentiment: New gaming venue opened in Kentucky, expanding regional footprint and local revenue streams — supports longer-term organic growth. Churchill Downs opens newest gaming venue
• Positive Sentiment: Reported full-year profits ($383M for 2025) — reinforces cash-generation profile that can fund Derby expansion, capex or capital returns. Churchill Downs Reports Profits Of $383 Million In 2025
• Neutral Sentiment: Analyst note: Wells Fargo trimmed its price target slightly from $125 to $124 but kept an “overweight” rating — a small signal of confidence despite modest margin on valuation. Wells Fargo price target update
• Neutral Sentiment: Earnings-call transcript and multiple write-ups detail drivers (historical racing, sports betting, live events) — useful for modeling revenue mix and margin assumptions. Q4 2025 earnings call transcript
• Negative Sentiment: Balance-sheet and liquidity remain watch items (high reported debt-to-equity and low current/quick ratios), which could constrain flexibility if growth requires incremental capital — monitor leverage and free-cash-flow conversion.
• Neutral Sentiment: Short-interest data reported appears inconsistent (reported zero/share change) and is not signaling a clear bearish bet; treat recent short-interest figures with caution until clarified.

Churchill Downs Company Profile

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.