Churchill Downs (CHDN)

Arlington Park Racecourse, LLC • BB Development, LLC • BetAmerica LLC • CCRG, LLC • CDIHC, LLC • CDITH, LLC • CEP IV Chicago Holdco LLC • Calder Race Course, Inc. • Churchill Downs Insurance Company, LLC • Churchill Downs Interactive Canada Ltd. ...

IRS number

610156015

CHDN stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$156.50

Low target

$148.00

High target

$165.00

Latest filings (excl ownership)

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19 Feb 25

Churchill Downs Incorporated Reports 2024 Fourth Quarter and Full Year Results

19 Feb 25

8-K

Entry into a Material Definitive Agreement

23 Oct 24

Churchill Downs Incorporated Reports 2024 Third Quarter Results

24 Jul 24

Churchill Downs Incorporated Announces Robert L. Fealy Retires From Company’s Board of Directors

24 Jul 24

8-K

Churchill Downs Incorporated Reports 2024 Second Quarter Results

24 Jul 24

8-K

Churchill Downs Incorporated Closes Amendment to Extend Maturity Date of its Revolving Credit Facility and Term Loan A Facility

24 Apr 24

Transcripts

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CHDN

Earnings call transcript

2024 Q4

20 Feb 25

CHDN

Earnings call transcript

2024 Q3

24 Oct 24

CHDN

Earnings call transcript

2024 Q2

25 Jul 24

CHDN

Earnings call transcript

2024 Q1

25 Apr 24

CHDN

Earnings call transcript

2023 Q4

22 Feb 24

CHDN

Earnings call transcript

2023 Q3

26 Oct 23

CHDN

Earnings call transcript

2023 Q2

27 Jul 23

CHDN

Earnings call transcript

2023 Q2

27 Jul 23

CHDN

Earnings call transcript

2023 Q1

27 Apr 23

CHDN

Earnings call transcript

2022 Q4

23 Feb 23

Latest ownership filings

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Ulysses L Bridgeman Jr

7 Jan 25

Financial summary

Financial statements Chart CHDN financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	252.70 mm	252.70 mm	252.70 mm	252.70 mm	252.70 mm	252.70 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	42.27 mm	8.68 mm
Cash used (since last report)	n/a	n/a	n/a	n/a	94.97 mm	19.51 mm
Cash remaining	n/a	n/a	n/a	n/a	157.73 mm	233.19 mm
Runway (months of cash)	n/a	n/a	n/a	n/a	3.7	26.9

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

CHDN institutional ownership history Ownership history

77.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	446	448	-0.4%
Opened positions	52	76	-31.6%
Closed positions	54	49	+10.2%
Increased positions	167	175	-4.6%
Reduced positions	144	121	+19.0%

13F shares	Current	Prev Q	Change
Total value	7.36 tn	7.29 tn	+0.9%
Total shares	57.18 mm	56.06 mm	+2.0%
Total puts	177.60 k	222.50 k	-20.2%
Total calls	557.00 k	576.00 k	-3.3%
Total put/call ratio	0.3	0.4	-17.5%

Largest owners	Shares	Value	Change
BlackRock	7.65 mm	$1.02 tn	-4.3%
Vanguard	6.81 mm	$909.18 bn	+1.6%
FMR	3.59 mm	$479.69 bn	+6.4%
London Co Of Virginia	2.23 mm	$298.24 bn	-0.7%
STT State Street	2.17 mm	$291.06 bn	+4.6%
Citadel Advisors	1.84 mm	$245.84 bn	+51.3%
Boston Partners	1.79 mm	$239.62 bn	+25.6%
Schroder Investment Management	1.50 mm	$201.22 bn	+5.4%
ArrowMark Colorado	1.34 mm	$179.56 bn	+4.6%
Geode Capital Management	1.31 mm	$174.92 bn	+0.8%

Largest transactions	Shares	Bought/sold	Change
Capital Research Global Investors	0.00	-1.31 mm	EXIT
Capital International Investors	1.20 mm	-713.89 k	-37.4%
Citadel Advisors	1.84 mm	+624.47 k	+51.3%
Norges Bank	561.39 k	+561.39 k	NEW
Boston Partners	1.79 mm	+366.28 k	+25.6%
BlackRock	7.65 mm	-343.32 k	-4.3%
FMR	3.59 mm	+214.69 k	+6.4%
Point72 Asset Management	431.17 k	+213.31 k	+97.9%
UBS UBS	254.16 k	+213.20 k	+520.5%
Clearbridge Advisors	212.44 k	+212.44 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CHDN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Feb 25	Bradley K. Blackwell	Common Stock	Payment of exercise	Dispose F	No	No	122.43	745	91.21 k	24,877
10 Feb 25	Bradley K. Blackwell	Common Stock	Option exercise	Acquire M	No	No	0	1,634	0.00	25,622
10 Feb 25	Bradley K. Blackwell	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,634	0.00	11,347
10 Feb 25	Maureen Adams	Common Stock	Payment of exercise	Dispose F	No	No	122.43	648	79.33 k	13,420.842
10 Feb 25	Maureen Adams	Common Stock	Option exercise	Acquire M	No	No	0	1,486	0.00	14,068.842
10 Feb 25	Maureen Adams	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,486	0.00	4,450
6 Feb 25	Bradley K. Blackwell	RSU Common Stock	Grant	Acquire A	No	No	0	6,897	0.00	12,981
6 Feb 25	William C Carstanjen	RSU Common Stock	Grant	Acquire A	No	No	0	48,675	0.00	298,309.52
6 Feb 25	Mudd William E	RSU Common Stock	Grant	Acquire A	No	No	0	16,227	0.00	123,325