Dernières nouvelles pour Churchill Downs (NASDAQ:CHDN) Stock

CHURCHILL DOWNS INC

Churchill Downs

Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.

Churchill Downs, Incorporated - Common Stock

Churchill Downs Inc

In the preceding three months, 14 analysts have released ratings for Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">11</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $137.79, a high estimate of $157.00, and a low estimate of $116.00. A 8.14% drop is evident in the current average compared to the previous average price target of $150.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1750680168_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Churchill Downs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Politzer</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$116.00</td>
<td>-</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$138.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$134.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$144.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$127.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$137.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$124.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$154.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$157.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$155.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$136.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$125.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$142.00</td>
<td>$161.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Churchill Downs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Churchill Downs compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Churchill Downs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Churchill Downs's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CHDN/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Churchill Downs analyst ratings.</a>
<h2>All You Need to Know About Churchill Downs</h2>
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
<h3>Breaking Down Churchill Downs's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Churchill Downs displayed positive results in 3M. As of 31 March, 2025, the company achieved a solid revenue growth rate of approximately 8.75%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Churchill Downs's net margin is impressive, surpassing industry averages. With a net margin of 11.94%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Churchill Downs's ROE excels beyond industry benchmarks, reaching 7.12%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.05%, the company showcases effective utilization of assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 4.56, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

CHDN

Forecasting The Future: 14 Analyst Projections For Churchill Downs

JP Morgan analyst Daniel Politzer initiates coverage on Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Overweight rating and announces Price Target of $116.

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Price Target

Initiation

JP Morgan Initiates Coverage On Churchill Downs with Overweight Rating, Announces Price Target of $116

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>HC Wainwright &amp; Co. slashed the price target for Unity Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBX#NASDAQ">UBX</a>) from $4 to $2. HC Wainwright &amp; Co. analyst Matthew Caufield downgraded the stock from Buy to Neutral. Unity Biotechnology shares closed at $0.7790 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/UBX/analyst-ratings">view this stock</a>.</li>
<li>JMP Securities cut Churchill Downs Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) price target from $144 to $138. JMP Securities analyst Jordan Bender maintained a Market Outperform rating. Churchill Downs shares closed at $93.24 on Friday. See how other <a href="https://www.benzinga.com/quote/CHDN/analyst-ratings">analysts view this stock</a>.</li>
<li>JMP Securities increased the price target for DBV Technologies S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBVT#NASDAQ">DBVT</a>) from $15 to $21. JMP Securities analyst Jonathan Wolleben maintained a Market Outperform rating. DBV Technologies shares closed at $8.41 on Friday. <a href="https://www.benzinga.com/quote/DBVT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group increased the price target for Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) from $85 to $100. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Dollar General shares closed at $101.39 on Friday. See how other <a href="https://www.benzinga.com/quote/DG/analyst-ratings">analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) price target from $30 to $14. HC Wainwright &amp; Co. analyst Andrew Fein maintained a Buy rating. Prothena shares settled at $6.58 on Friday. <a href="https://www.benzinga.com/quote/PRTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group increased Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) price target from $82 to $95. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Dollar Tree shares closed at $88.17 on Friday. <a href="https://www.benzinga.com/quote/DLTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim cut Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) price target from $155 to $115. Guggenheim analyst Robert Drbul maintained a Buy rating. Target shares closed at $94.29 on Friday.  <a href="https://www.benzinga.com/quote/TGT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Chardan Capital cut the price target for Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) from $40 to $18. Chardan Capital analyst Rudy Li maintained a Buy rating. Prothena shares settled at $6.58 on Friday. <a href="https://www.benzinga.com/quote/PRTA/analyst-ratings">See how other analysts view this stock</a>.</li>
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JMP Securities analyst Jordan Bender maintains Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Market Outperform and lowers the price target from $144 to $138.

JMP Securities Maintains Market Outperform on Churchill Downs, Lowers Price Target to $138

In the last three months, 12 analysts have published ratings on Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $139.58, along with a high estimate of $157.00 and a low estimate of $124.00. Observing a downward trend, the current average is 7.29% lower than the prior average price target of $150.55. 
<img src="https://www.benzinga.com/files/images/story/2025/1748023224_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Churchill Downs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$134.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$144.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$127.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$137.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$124.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$154.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$157.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$155.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$136.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$125.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeffrey Stantial</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$142.00</td>
<td>$161.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Churchill Downs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Churchill Downs compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Churchill Downs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Churchill Downs's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CHDN/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Churchill Downs analyst ratings.</a>
<h2>Unveiling the Story Behind Churchill Downs</h2>
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
<h3>Key Indicators: Churchill Downs's Financial Health</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Churchill Downs's revenue growth over a period of 3M has been noteworthy. As of 31 March, 2025, the company achieved a revenue growth rate of approximately 8.75%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.94%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Churchill Downs's ROE excels beyond industry benchmarks, reaching 7.12%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Churchill Downs's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.05%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 4.56.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Churchill Downs's Future

Mizuho analyst Ben Chaiken maintains Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Outperform and lowers the price target from $137 to $134.

Mizuho Maintains Outperform on Churchill Downs, Lowers Price Target to $134

Churchill Downs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NYSE">CHDN</a>) short percent of float has fallen 4.17% since its last report. The company recently reported that it has 1.67 million shares sold short, which is 2.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Churchill Downs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747065628_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Churchill Downs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Churchill Downs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Churchill Downs's peer group average for short interest as a percentage of float is 5.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Churchill Downs?

JMP Securities analyst Jordan Bender reiterates Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Market Outperform and maintains $144 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Churchill Downs, Maintains $144 Price Target

The 151st<a href="https://www.benzinga.com/topic/kentucky-derby"> Kentucky Derby </a>kicks takes place Saturday and will see multiple horses compete in one of the top horse races of the year and as the first step to winning a Triple Crown.
Here's a look at how to watch the race, the betting odds and some of the famous horse owners.
How to Watch 2025 Kentucky Derby: The 2025 Kentucky Derby takes place on Saturday, May 3, from Churchill Downs, which is a unit of Churchill Downs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>).
The track will host a full lineup of races during the day, with the Kentucky Derby expected to begin at 6:57 p.m. ET.
Live coverage of the Kentucky Derby and some of the other races of the day begins at 2:30 p.m. ET on NBC and streams on Peacock, <a href="https://www.benzinga.com/news/24/05/38653545/kentucky-derby-hits-best-viewership-since-1989-record-betting-handle-why-investors-should-be-watchin" target="_blank" rel="noopener">which is a unit</a> of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).
Betting Odds: Hundreds of millions of dollars will be bet on the Kentucky Derby with sportsbooks like DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) and Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) owned FanDuel offering horse race betting.
Churchill Downs will likely be the big winner as the host of the race. The company set betting records for betting handle for last year's full Saturday card and the Kentucky Derby race.
Here are the current betting odds for the 2025 Kentucky Derby, which will likely continuously change up until post time of the race.
<ul>
<li>1. Citizen Bull, 20-1</li>
<li>2. Neoequos, 30-1</li>
<li>3. Final Gambit, 30-1</li>
<li>5. American Promise, 30-1</li>
<li>6. Admire Daytona, 30-1</li>
<li>7. Luxor Café, 15-1</li>
<li>8. Journalism, 3-1</li>
<li>9. Burnham Square, 12-1</li>
<li>11. Flying Mohawk, 30-1</li>
<li>12. East Avenue, 20-1</li>
<li>13. Publisher, 20-1</li>
<li>14. Tiztastic, 20-1</li>
<li>15. Render Judgment, 30-1</li>
<li>16. Coal Battle, 30-1</li>
<li>17. Sandman, 6-1</li>
<li>18. Sovereignty, 5-1</li>
<li>19. Chunk of Gold, 30-1</li>
<li>20. Owen Almighty, 30-1</li>
<li>21. Baeza, 12-1</li>
</ul>
The odds come with two horses scratched ahead of the race.
Along with sportsbooks offering bets on the Kentucky Derby, prediction marketplace Polymarket also has a market for the race. Journalism is the favorite on <a href="https://polymarket.com/event/2025-kentucky-derby-winner">Polymarket </a>at 27%, followed by Sovereignty at 15% and Sandman at 13%.
Read Also:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40320519/churchill-downs-analyst-bullish-about-kentucky-derby-new-virginia-gaming-resort-sus"> Churchill Downs Analyst Bullish About Kentucky Derby, New Virginia Gaming Resort: &#8216;Sustainable Double-Digit Growth&#8217;</a>
 Famous Owners: Several of the horses taking part in the 2025 Kentucky Derby have famous owners that include celebrities, athletes, social media influencers and public company CEOs among their ownership groups.
Kentucky Derby favorite Journalism counts media magnate John Malone as a co-owner. Malone is the Chairman of Liberty Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVA#NASDAQ">LLYVA</a>), Liberty Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBTYA#NASDAQ">LBTYA</a>) and other media ventures.
Famous billionaire investor George Soros is the owner of SF Racing Syndicate, who was scheduled to have two horses in this year's Kentucky Derby. Rodriguez has been scratched, leaving Soros with Citizen Bull as his lone horse in the race. Just like hoping for a bull stock market, Soros will be hoping for a bull to win the Derby.  
Render Judgment is co-owned by Dream Walkin' Farms, a horse racing venture started by late country singer Toby Keith. The racing venture is now run by Keith's sister Tonni Covel, as <a href="https://www.kentucky.com/sports/horses/kentucky-derby/article305227166.html">reported </a>by the Lexington Herald Leader. Keith dreamed of having a horse in the Kentucky Derby and while he isn't alive to see that feat come true, he was close to living out that legacy.
Sandman is co-owned by St. Elias Stables. Vincent Viola, who is the founder and Executive Chairman of Virtu Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>), is the owner of St. Elias Stables. Viola also owns the Florida Panthers NHL team.
Social media influencer Griffin Johnson is also included in the ownership group for Sandman.
Dutch Bros Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) co-founder and Executive Chairman Travis Boersma owns the Flying Dutchmen racing operation, which owns Owen Almighty. Fans of the coffee chain may be rooting for Owen Almighty to win the race.
Flying Mohawk is owned by Two Eight Racing, a venture from former MLB player Jayson Werth. The former MLB player also had a horse in last year's Kentucky Derby. Werth played for the Toronto Blue Jays, Los Angeles Dodgers, Philadelphia Phillies and Washington Nationals during his MLB career.
Grande, who was one of the horses scratched, is owned by Mike Repole. The beverage titan is best known for founding Vitaminwater maker Glaceau and BodyArmor, two companies that are owned or co-owned by The Coca-Cola Company.
Those watching and betting on the Kentucky Derby can choose based on a horse&#8217;s name, their racing history, betting odds or perhaps based on rooting interest in one of the famous co-owners.
Read Next: 
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Photo: Shutterstock

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Kentucky Derby 2025: How To Watch, Betting Odds, And Horses Backed By Dutch Bros Founder, John Malone, George Soros

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer called <a href="https://www.benzinga.com/quote/CHDN">Churchill Downs Incorporated </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) a &#8220;one-trick pony.&#8221;
On April 25, Barclays analyst Brandt Montour maintained a Churchill Downs rating of Overweight and lowered the price target from $125 to $124, while Mizuho analyst Ben Chaiken maintained the stock with an Outperform rating and reduced the price target from $140 to $137.
&#8220;I would indeed start a position, and I have been very on negative on UnitedHealth,&#8221; Cramer said. &#8220;I would start a potion at $400. That's a big change for me.&#8221;
On the earnings front, UnitedHealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) reported first-quarter revenue of $109.58 billion on April 21, missing analyst estimates of $ 111.60 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $7.20 per share, missing estimates of $7.29 per share.
&#8220;If you want to be in that space, let's just go buy Dell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>),&#8221; Cramer said when asked about Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
According to recent news, Super Micro reported weak preliminary results for the third quarter after the market close on Tuesday, citing delayed customer platform decisions that pushed sales into the fourth quarter. The company now expects to report third-quarter revenue of $4.5 billion to $4.6 billion, down from prior guidance of $5 billion to $6 billion. Super Micro also expects third-quarter adjusted earnings to be in the range of 29 cents to 31 cents per share, down from prior guidance of <a href="https://in.benzinga.com/news/earnings/25/04/45086254/super-micro-computer-stock-is-tanking-after-hours-whats-fueling-the-sell-off">46 cents to 62 cents per share</a>.
Price Action:
<ul>
<li>UnitedHealth shares gained 0.5% to settle at $411.44 on Wednesday.</li>
<li>Churchill Downs shares fell 1.1% to close at $90.41 during the session.</li>
<li>Super Micro Computer shares dipped 11.5% to settle at $31.86 on Wednesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/45098110/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a></li>
</ul>
Photo: Shutterstock

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Jim Cramer: This Consumer Cyclical Stock Is A 'One-Trick Pony'

Mizuho analyst Ben Chaiken maintains Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Outperform and lowers the price target from $140 to $137.

Mizuho Maintains Outperform on Churchill Downs, Lowers Price Target to $137

Barclays analyst Brandt Montour maintains Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Overweight and lowers the price target from $125 to $124.

Barclays Maintains Overweight on Churchill Downs, Lowers Price Target to $124

Macquarie analyst Chad Beynon maintains Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Outperform and lowers the price target from $172 to $154.

Macquarie Maintains Outperform on Churchill Downs, Lowers Price Target to $154

WIIM

Churchill Downs shares are trading lower. The company reported Q1 financial results.

Churchill Downs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NYSE">CHDN</a>) short percent of float has fallen 4.36% since its last report. The company recently reported that it has 1.62 million shares sold short, which is 2.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.79 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Churchill Downs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745514020_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Churchill Downs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Churchill Downs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Churchill Downs's peer group average for short interest as a percentage of float is 5.36%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Churchill Downs's Recent Short Interest

JMP Securities analyst Jordan Bender reiterates Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Market Outperform and maintains $157 price target.

JMP Securities Reiterates Market Outperform on Churchill Downs, Maintains $157 Price Target

Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $1.01 by 5.94 percent. This is a 5.31 percent decrease over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $642.60 million which beat the analyst consensus estimate of $642.17 million by 0.07 percent. This is a 8.75 percent increase over sales of $590.90 million the same period last year.

Earnings

Earnings Beats

Churchill Downs Q1 Adj. EPS $1.07 Beats $1.01 Estimate, Sales $642.60M Beat $642.17M Estimate

Truist Securities analyst Barry Jonas maintains Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) with a Buy and lowers the price target from $162 to $155.

Truist Securities Maintains Buy on Churchill Downs, Lowers Price Target to $155

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Earnings Scheduled For April 23, 2025

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Churchill Downs Incorporated Reports 2025 First Quarter Results

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