Churchill Downs (NASDAQ:CHDN) Stock Sees Unusually High Put Option Buying
Churchill Downs (NASDAQ:CHDN) experienced an unusually high volume of put option buying, with investors acquiring 8,621 contracts, a 611% increase over the average. Despite this, analysts maintain a "Moderate Buy" consensus with an average price target of $134.89. The stock is currently trading near its one-year low, and institutional investors hold a significant 82.59% stake in the company.
Q&A part 4: Churchill Downs’ Carstanjen on casino sell-off
Bill Carstanjen, CEO of Churchill Downs Inc., discusses the company's decision to sell nine casino properties. He explains that the move is part of a strategy to slim down and refocus on core assets like the Kentucky Derby, horse racing, and online business, especially given current pressures on public gaming companies. Carstanjen emphasizes the importance of protecting the Interstate Horseracing Act for funding purses and maintaining the industry's existing pari-mutuel wagering system.
Debt maturities now run to 2031 at Churchill Downs (CHDN), which also closed a new secured loan.
Churchill Downs Incorporated (CHDN) has extended the maturity dates of its revolving credit facility and Term Loan A from 2029 to September 25, 2031, by amending its senior secured credit agreement. Additionally, CHDN closed a new $500 million senior secured Term Loan B due September 25, 2033, with interest at SOFR plus 175 basis points, using the proceeds to refinance existing debt and for general corporate purposes. The company also issued a conditional notice to redeem its 5.50% Senior Notes due 2027 on October 19, 2026, funding this redemption from its Revolver.
Churchill Downs Incorporated Announces Closing of Amended and Extended Credit Facility and New Term Loan B
Churchill Downs Incorporated (CHDN) has announced the closing of an amended and extended credit facility, increasing revolving credit commitments to $800 million and extending the maturity to 2029. The company also secured a new $800 million Term Loan B due in 2031. This financial restructuring aims to enhance financial flexibility and support general corporate purposes.
Form 8K Churchill Downs Incorporated For: 28 September By Investing.com
The article reports that Churchill Downs Incorporated filed a Form 8K on September 28, 2026. This filing is a regulatory disclosure for significant events that shareholders should know about. The brief piece highlights the company's stock performance (CHDN +1.70%) and provides various market data for other indices and commodities.
Form 8K Churchill Downs Incorporated For: 28 September By Investing.com
This article announces the filing of a Form 8K by Churchill Downs Incorporated for September 28. It is a brief news item from Investing.com that solely states the filing without further details on its content. The article includes standard financial market data and unrelated popular news snippets.
Q&A part 3: Churchill Downs’ Carstanjen on computer players
Bill Carstanjen, CEO of Churchill Downs, discusses the ongoing challenge of computer-assisted wagering (CAW) in horse racing. He explains Churchill Downs' approach to managing CAW by bringing it in-house and adjusting pricing, contrasting it with strategies used by other tracks like NYRA, Del Mar, and Santa Anita. Carstanjen emphasizes the economic contributions of CAW bettors to purse accounts while acknowledging the perception of unfairness among traditional horseplayers.
Churchill Downs Incorporated Announces Closing of Amended and Extended Credit Facility and New Term Loan B
Churchill Downs Incorporated (CDI) has successfully closed an amended and extended Credit Facility and a new $500 million Term Loan B due 2033. The Credit Agreement Amendment extends the maturity date of its existing revolving credit facility and term loan A facility from 2029 to 2031. CDI plans to use the proceeds from the new Term Loan B to repay existing Term Loan B and revolving loans, cover transaction fees, and for general corporate purposes, including the conditional redemption of its 5.50% Senior Notes due 2027.
Two existing borrowing agreements now run to 2031 as Churchill Downs closes a $500 million loan.
Churchill Downs (CHDN) has closed an amended and extended credit facility and a new $500 million senior secured Term Loan B due 2033. The company will use the proceeds to repay existing loans, cover transaction fees, and for general corporate purposes. Additionally, Churchill Downs plans to redeem its 5.50% senior notes due 2027 on October 19, 2026, funding this through its revolving credit facility.
Bishops Bay Headed To Breeders' Cup Dirt Mile
KAS Stables' Bishops Bay, a multiple graded stakes winner, is confirmed to compete in the Breeders' Cup Dirt Mile (G1) after his recent victory in the Ack Ack (G3). This decision was announced by KAS Stables representative Pedro Lanz, highlighting the horse's consistent performance and "massive heart." Bishops Bay, a 6-year-old son of Uncle Mo, has an impressive record of 11 wins in 18 starts and has earned over $2.8 million.
Q&A part 2: Churchill’s Carstanjen asks is HISA worth it?
Churchill Downs Inc. CEO Bill Carstanjen expressed significant disappointment with the Horseracing Integrity and Safety Authority (HISA), particularly regarding its handling of a data breach and a betting scandal. He questioned HISA's effectiveness given its substantial spending of industry funds and criticized its leadership's "off-putting" response to scrutiny. Carstanjen stressed the need for HISA to demonstrate accountability and transparency to uphold the integrity of horse racing.
Q&A part 1: Churchill CEO Carstanjen on Triple Crown
Churchill Downs Inc. CEO Bill Carstanjen discusses the future of the Triple Crown and the new Thoroughbred Championship Series. He explains Churchill's bid for the Preakness intellectual property rights, the impact of Maryland matching the offer, and the rationale behind the new six-race series aimed at maintaining fan engagement beyond the Kentucky Derby. Carstanjen also addresses the challenges of attracting and retaining modern audiences in horse racing.
Q&A part 1: Churchill CEO Carstanjen on Triple Crown
Churchill Downs Inc. CEO Bill Carstanjen discusses the future of the Triple Crown and the new Thoroughbred Championship Series. This interview, the first of four parts, delves into CDI's unsuccessful bid for the Preakness intellectual property rights, the revised Triple Crown race schedule, and the challenges of engaging modern horse racing fans. Carstanjen emphasizes the need to adapt the sport to keep audiences interested beyond the Kentucky Derby.
Euro/Mideast Road To The Kentucky Derby Kicks Off Saturday
The official Euro/Mideast Road to the Kentucky Derby, presented by Woodford Reserve, is set to commence on Saturday with two one-mile grass races for 2-year-olds in England and Ireland. This series awards points to the top five finishers in select qualifying races, with the leaderboard determining the preference for entries into the 20-horse Kentucky Derby, a 1 ¼-mile classic for 3-year-old Thoroughbreds. Up to three spots in the Kentucky Derby may be reserved for international participants from separate series like the Euro/Mideast and Japan Roads.
Carstanjen: Preakness could’ve come later + HISA & computers
Churchill Downs Inc. CEO Bill Carstanjen stated that the Preakness Stakes could have been moved to the summertime if CDI had secured intellectual-property rights, expressing his company's desire to modernize the Triple Crown. He also criticized Horseracing Integrity and Safety Authority CEO Lisa Lazarus for her response to his call for an FTC investigation, citing concerns about HISA's digital security and handling of medication violations. Carstanjen further discussed CDI's approach to computer-assisted wagering, asserting that their internal management and higher fees for CAW clients prevent the issues seen at other tracks.
Flatter Pod: Exclusive talk with Churchill boss Carstanjen
Churchill Downs Inc. CEO Bill Carstanjen discusses various topics on the Ron Flatter Racing Pod, including the future of the Triple Crown, his criticisms of HISA's oversight, and strategies for curbing computer-assisted wagering. The interview also covers recent controversies like the Marshall Gramm exposure and the Fair Hill 5 betting coup. Additionally, the podcast provides handicapping tips for upcoming Grade 1 races.
Trainer Jordan Blair Confident This Is Uscar Maturing At Right Time For Lukas Classic
Trainer Jordan Blair expresses strong confidence in his 5-year-old gelding, This Is Uscar, for the upcoming $500,000 Lukas Classic (Grade 2) at Churchill Downs, despite being an 8-1 morning-line contender. Blair believes the horse is maturing at the right time, showing increased relaxation and professionalism, which he sees as crucial for handling the extended mile-and-an-eighth distance. The article also touches upon jockey and trainer standings with four days left in the September Meet.
The Pyure Company and Churchill Downs Incorporated Announce Exclusive Multi-Year Agreement
The Pyure Company and Churchill Downs Incorporated (CDI) have signed a multi-year exclusive agreement to continue using Pyure's hydroxyl-based air and surface purification technology at select CDI casino and gaming properties. This agreement follows several years of collaboration, focusing on improving indoor environmental quality, particularly in areas where indoor smoking is permitted. Both companies aim to support existing deployments and explore additional applications of the technology across CDI's portfolio to enhance guest and team-member environments.
Churchill Downs stock hits 52-week low at 79.4 USD By Investing.com
Churchill Downs Inc. (CHDN) stock has fallen to a 52-week low of $79.17, marking an 18.9% decline over the past year and a 30% drop year-to-date. Despite the downturn, InvestingPro analysis suggests the stock is undervalued, with analysts maintaining a "Strong Buy" rating and price targets up to $157. The company recently reported record Q2 revenue of $980 million and adjusted earnings of $3.45 per share, with Mizuho raising its price target to $157, while Citizens lowered its target to $137 due to growth concerns.
Churchill Downs Incorporated Announces Third Quarter 2026 Earnings Conference Call and Webcast
Churchill Downs Incorporated (CDI) has announced that its third-quarter 2026 financial results will be released after market close on October 28, 2026. A conference call to discuss these results will follow on October 29, 2026, at 9 a.m. ET, accessible via webcast or teleconference with an online replay available afterward. This announcement highlights CDI's commitment to transparency and investor communication regarding its financial performance and strategic operations.
Bank of America Corp DE Invests $69.10 Million in Churchill Downs, Incorporated $CHDN
Bank of America Corp DE has acquired a new stake of $69.10 million in Churchill Downs, Incorporated (NASDAQ:CHDN), purchasing 770,846 shares. Institutional investors collectively own 82.59% of the company. Churchill Downs recently reported strong quarterly revenue of $980 million, a 4.9% increase year-over-year, and earnings per share of $3.45, matching analyst expectations, with a consensus "Moderate Buy" rating among analysts.
Press Release: Churchill Downs Incorporated Announces Pricing of $500 Million Senior Secured Term Loan B Due 2033
Churchill Downs Incorporated announced the pricing of a $500 million senior secured Term Loan B due 2033. The loan will bear interest at Term SOFR plus 2.25%, with a 0.50% SOFR floor, and was priced at 99.5% of par. The proceeds, along with cash on hand, will be used to prepay a portion of the company's existing Term Loan B due 2029 and to pay related fees and expenses.
9. Churchill Downs Inc.
Churchill Downs Inc. has been recognized as one of Louisville Business First's 2026 Corporate Philanthropist honorees in the $100+ revenue category. This acknowledgment highlights the company's significant philanthropic contributions. The article is part of a larger series introducing all 30 corporate philanthropist honorees.
Churchill Downs Incorporated Announces Pricing of $500 Million Senior Secured Term Loan B Due 2033
Churchill Downs Incorporated (CDI) has successfully priced a $500 million senior secured Term Loan B due 2033. The company plans to use the net proceeds to repay existing Term Loan B loans and revolving loans, cover transaction fees, and for general corporate purposes. CDI also intends to redeem its 5.50% Senior Notes due 2027 using its revolving credit facility.
Juddmonte's Audubon Oaks Winner Conceit Makes Graded Debut In Dogwood
Juddmonte's Audubon Oaks winner Conceit is set to make her graded debut in the $300,000 Dogwood Stakes (G3) at Churchill Downs, facing Grade 1 winner Explora. Trained by Brad Cox, Conceit enters the race with back-to-back victories, including the Audubon Oaks. The Dogwood Stakes will feature a competitive field of fillies, with Explora as the morning-line favorite.
Churchill Downs, Incorporated $CHDN Stock Position Cut by Hsbc Holdings PLC
Hsbc Holdings PLC significantly reduced its stake in Churchill Downs (NASDAQ:CHDN) by 82.9% in the second quarter, selling 14,101 shares and retaining 2,917 shares. Despite this reduction, institutional ownership in Churchill Downs remains high at 82.59%, with other major investors like BlackRock Inc. and First Trust Advisors LP increasing their positions. The company maintains a "Moderate Buy" consensus from analysts with an average price target of $134.89, and reported a 4.9% year-over-year increase in quarterly revenue to $980 million.
Churchill Downs Seeks $500M Loan to Refinance
Churchill Downs is seeking a $500 million, seven-year loan to refinance upcoming debt maturities, alongside an additional $400 million in unsecured funding for obligations due in 2027 and 2028. Moody's assigned a Ba1 rating to the new loan and affirmed the company's Ba3 corporate grade, noting execution risks associated with its strategic investments and development projects. The move comes as borrowers rush to the leveraged loan market to lock in spreads before an anticipated Federal Reserve rate hike.
Engineers Gate Manager LP Buys 29,807 Shares of Churchill Downs, Incorporated $CHDN
Engineers Gate Manager LP significantly increased its stake in Churchill Downs, purchasing 29,807 additional shares, bringing its total to 54,890 shares valued at $4.92 million. Analysts maintain a "Moderate Buy" rating for Churchill Downs with an average price target of $134.89, following the company's Q2 earnings which met EPS estimates and slightly exceeded revenue expectations. The article also details other institutional investor activity and recent analyst ratings for the stock.
2026-27 Road to the Kentucky Derby Schedule Announced
Churchill Downs has announced the official 2026-27 Road to the Kentucky Derby schedule, which begins with the Iroquois (Grade III) for 2-year-olds. This series awards points to top finishers in qualifying races, determining entries for the 153rd Kentucky Derby on May 1, 2027. Separate series for international horses from Japan, Europe, and the UAE will also offer opportunities for qualification.
Churchill Downs, Incorporated (NASDAQ:CHDN) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Churchill Downs, Incorporated (NASDAQ:CHDN) has received a "Moderate Buy" consensus recommendation from eleven analysts, with an average 12-month price target of $134.89, significantly above its current share price of $83.86. Institutional investors hold a substantial 82.59% stake in the company, and recent quarterly results met expectations, reporting adjusted earnings of $3.45 per share and revenue of $980 million, a 4.9% increase year-over-year. Analysts anticipate full-year EPS to be around $7.14.
Churchill Downs, Incorporated $CHDN Shares Sold by Baird Financial Group Inc.
Baird Financial Group Inc. reduced its stake in Churchill Downs (NASDAQ:CHDN) by 16.7% in the second quarter, selling 41,134 shares but still holding 205,640 shares valued at approximately $18.4 million. The company reported strong Q2 earnings, matching EPS estimates at $3.45 and exceeding revenue expectations with $980 million, a 4.9% increase year-over-year. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $134.89, significantly above the current stock price of $83.86.
Tidal Investments LLC Increases Holdings in Churchill Downs, Incorporated $CHDN
Tidal Investments LLC significantly increased its stake in Churchill Downs (NASDAQ:CHDN) by 43.8% in the second quarter, now holding 226,804 shares valued at $20.3 million. Despite shares opening near their 12-month low, analysts maintain a "Moderate Buy" rating with a consensus price target of $134.89. The company reported quarterly EPS matching estimates and revenue exceeding expectations, with institutional investors owning 82.59% of the stock.
Meet datelistlou, one of Louisville's Top Content Creators of 2026 | Photos
Amy Czerwonka and Aaron DuVall, known as @datelistlou, have been recognized as two of Louisville's Top Content Creators for 2026. The duo, who previously covered Kentucky Derby week in 2025, will serve as official influencer partners for Churchill Downs Inc. for the 2026 Kentucky Derby. This partnership aims to engage a new generation of fans through their social media content.
Horse racing’s biggest events unite in landmark new Thoroughbred Championship Series | Saratoga
The New York Racing Association (NYRA) and Churchill Downs Incorporated (CDI) announced the creation of the Thoroughbred Championship Series, a new six-race competition beginning in 2027. This series will establish a season-long championship for America's leading three-year-old Thoroughbreds, featuring races at Churchill Downs, Belmont Park, and Saratoga Race Course. The initiative aims to elevate major events, engage fans with a continuous storyline, and offer a $5 million prize pool to incentivize participation.
Public Employees Retirement System of Ohio Takes Position in Churchill Downs, Incorporated $CHDN
The Public Employees Retirement System of Ohio has acquired a new stake in Churchill Downs (NASDAQ:CHDN), purchasing 19,479 shares valued at approximately $1.75 million. This move is part of broader institutional investment, with several other hedge funds also increasing their positions in the company, which is reflected in 82.59% institutional ownership. Wall Street analysts maintain a positive outlook on Churchill Downs, rating it a "Moderate Buy" with a consensus price target of $134.89, following strong revenue and earnings reports.
Legal & General Group Plc Invests $7.58 Million in Churchill Downs, Incorporated $CHDN
Legal & General Group Plc has acquired a significant stake in Churchill Downs, Incorporated, purchasing 84,620 shares valued at approximately $7.58 million. Other major institutional investors have also recently bought shares in the company, with institutional investors and hedge funds collectively owning 82.59% of the stock. Churchill Downs reported strong quarterly earnings, meeting analyst expectations for EPS and exceeding revenue estimates, while analysts maintain a "Moderate Buy" consensus rating for the stock.
Churchill Downs, Horsemen Pen Letters to FTC Calling for Independent Review of HISA
Churchill Downs and the National Horsemen’s Benevolent and Protective Association (NHBPA) have separately sent letters to the Federal Trade Commission (FTC), requesting an independent review of the Horseracing Integrity and Safety Authority (HISA). These requests follow the Marshall Gramm case, where a provisional suspension was issued after Gramm allegedly accessed confidential horse health data from HISA's online portal without authorization. Both entities are raising concerns about HISA's data security, governance, and transparency, particularly in light of recent controversies.
Churchill Downs Incorporated Honored at Partners in Philanthropy Awards
Churchill Downs Incorporated (CDI) was recognized as one of Louisville Business First’s Top Ten Large Companies for philanthropic giving at the 2026 Partners in Philanthropy Awards. As the event's Title Sponsor, CDI highlighted its commitment to community support through charitable giving, volunteerism, and partnerships, aiming to enhance Louisville's quality of life. Mark Whitten, Director of Community Relations at CDI, emphasized the importance of such events in celebrating local philanthropic efforts.
48,728 Shares in Churchill Downs, Incorporated $CHDN Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company acquired a new stake of 48,728 shares in Churchill Downs, Inc. (NASDAQ:CHDN) valued at approximately $4.37 million during the second quarter. This move is part of broader institutional interest, with several other hedge funds also adjusting their positions in the company, leading to institutional investors owning 82.59% of the stock. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $136.88, as Churchill Downs matched EPS estimates and reported a 4.9% year-over-year revenue increase.
Federal filings hint that Maine's Oxford Casino could be sold
Churchill Downs Incorporated is considering selling several properties, including the Oxford Casino Hotel and Sportsbook in Oxford, Maine, to reallocate investments towards its racetrack, the Kentucky Derby, horse racing, and its TwinSpires wagering platform. While a Form 8-K filing lists the Oxford Casino as a potential sale, there's no guarantee or timeline for its actual sale. The casino generated $26 million in net revenue for Churchill Downs in Maine during April-May 2026, contributing over $3 million monthly to the state.
Churchill Downs Looking To Potentially Sell Oxford Casino in Maine
Churchill Downs Inc. is considering selling its Oxford Casino in Maine, along with eight other properties, as the company shifts its focus more towards horse racing. The Oxford Casino was purchased by Churchill Downs Inc. in 2013 for $160 million and has been deemed viable, but a sale would only occur for the right price and buyer. Despite a record $980 million in net revenue for Q2 2026, the company is looking to narrow its portfolio.
Owner of Oxford Casino explores possible sale
Churchill Downs Inc. is considering selling Oxford Casino as part of a comprehensive review of its operational portfolio. This news comes from a July U.S. Securities and Exchange Commission filing, though a sale is not certain and has no set timeline. Despite a slight dip in Q2 gaming revenue, year-to-date revenue for Oxford Casino remains relatively stable.
Churchill Downs To Potentially Sell Oxford Casino in Maine
Churchill Downs Inc. is considering selling Oxford Casino in Maine, along with eight other properties, as the company shifts its focus more towards horse racing. Churchill Downs Inc. acquired Oxford Casino in 2013 for $160 million. The casino will continue normal operations while potential buyers are being discussed.
Freestone Grove Partners LP Acquires New Position in Churchill Downs, Incorporated $CHDN
Freestone Grove Partners LP has acquired a new position in Churchill Downs (NASDAQ:CHDN), purchasing 187,259 shares valued at approximately $16.8 million during the second quarter, representing a 0.27% stake. Analysts currently maintain a "Moderate Buy" consensus rating for Churchill Downs with an average price target of $136.88. The company recently reported quarterly EPS of $3.45 and revenue of $980 million, a 4.9% increase year over year, though it carries a substantial debt-to-equity ratio of 3.06.
Jupiter Topco LLC Acquires New Stake in Churchill Downs, Incorporated $CHDN
Jupiter Topco LLC has acquired a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN), purchasing 756,190 shares valued at approximately $67.8 million, giving them a 1.08% stake. The company's stock opened at $86.51, near its 52-week low, despite institutional investors collectively owning 82.59%. Churchill Downs reported strong quarterly revenue of $980 million, a 4.9% increase year-over-year, and earnings per share matching analyst estimates at $3.45.
BlackRock Inc. Purchases Shares of 6,202,008 Churchill Downs, Incorporated $CHDN
BlackRock Inc. has acquired a significant new stake of 6,202,008 shares in Churchill Downs, Incorporated, valued at approximately $555.9 million, making it an 8.90% owner of the company. Other institutional investors like Norges Bank and AQR Capital Management LLC have also adjusted their holdings. Analysts have issued a "Moderate Buy" consensus rating for Churchill Downs with an average target price of $136.88.
15,126 Shares in Churchill Downs, Incorporated $CHDN Purchased by PEAK6 LLC
PEAK6 LLC has acquired a new stake of 15,126 shares in Churchill Downs, Incorporated (NASDAQ:CHDN) during the second quarter, valued at approximately $1,356,000. Several other institutional investors also adjusted their positions in CHDN, with some increasing their holdings significantly. The article details Churchill Downs' stock performance, recent earnings, and analyst ratings, which currently average a "Moderate Buy" with a consensus price target of $136.88.
B. Metzler seel. Sohn & Co. AG Acquires New Stake in Churchill Downs, Incorporated $CHDN
B. Metzler seel. Sohn & Co. AG has acquired a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN), purchasing 23,643 shares valued at approximately $2.12 million during the second quarter. Institutional investors now collectively own 82.59% of the company. Churchill Downs reported quarterly earnings matching estimates at $3.45 per share, with revenue increasing 4.9% year-over-year to $980 million, while analysts maintain a "Moderate Buy" rating with an average target price of $136.88.
William Blair Investment Management LLC Purchases Shares of 1,030,121 Churchill Downs, Incorporated $CHDN
William Blair Investment Management LLC has acquired 1,030,121 shares of Churchill Downs, Incorporated (NASDAQ:CHDN) valued at approximately $92.3 million, representing 1.48% of the company. Institutional investors now own 82.59% of CHDN. The company reported strong Q2 earnings, matching analyst estimates with $3.45 EPS and revenue of $980 million, up 4.9% year-over-year, while analysts maintain a "Moderate Buy" rating with an average price target of $136.88.
Aurora Investment Counsel Invests $2.27 Million in Churchill Downs, Incorporated $CHDN
Aurora Investment Counsel has invested $2.27 million in Churchill Downs, Incorporated (NASDAQ:CHDN) by purchasing 25,269 shares in the second quarter. This move is part of broader institutional interest, with other major firms like BlackRock Inc. and Norges Bank also acquiring significant stakes. Analysts currently rate Churchill Downs as a "Moderate Buy" with a consensus target price of $136.88, following recent positive earnings results.
