Wells Fargo has initiated coverage on Churchill Downs Inc (CHDN) with an Overweight rating, marking the firm's first assessment of the company's investment potential. This new rating reflects Wells Fargo's research and analysis of Churchill Downs' business, industry dynamics, and growth prospects.
Headquartered in Louisville, Kentucky, Churchill Downs Inc operates in the Hotels, Restaurants & Leisure industry and employs 6,480 full-time staff. The company provides pari-mutuel horse racing, online account wagering on horse racing, and casino gaming through three reportable segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. Its notable assets include the Churchill Downs Racetrack and the TwinSpires online sports betting platform.
As of November 17, 2025, Churchill Downs Inc's shares are priced at $104.56, with a market capitalization of $7.1 billion. The company has a P/E ratio of 17.58 and an EPS of 5.53. Notably, its dividend yield stands at 43.9%.
Upcoming earnings reports are scheduled for April 20, 2026, and July 20, 2026, with estimated EPS of $0.84 and $3.27, respectively. Recent performance has shown mixed results, with a Q3 2025 EPS of $1.09 exceeding estimates by 8.6%.
Analyst consensus as of November 1, 2025, indicates a Buy rating, with 5 Strong Buy, 12 Buy, 1 Hold, and no Sell ratings among 18 analysts. This update provides insight into the growing interest in Churchill Downs as it navigates a competitive landscape.