Stock Yards Bank & Trust Co. Sells 62,287 Shares of Churchill Downs, Incorporated $CHDN
Stock Yards Bank & Trust Co. reduced its stake in Churchill Downs, Incorporated by 17.4% during the fourth quarter, selling 62,287 shares and holding 296,371 shares valued at approximately $33.72 million. Despite this sale, Churchill Downs exhibited strong performance, beating earnings expectations with an EPS of $0.97 and revenue of $665.9 million, and maintains a "Moderate Buy" rating from analysts with an average price target of $135. Institutional ownership remains high at 82.59%.
Stock Yards Bank & Trust Co. Reduces Stake in Churchill Downs
Stock Yards Bank & Trust Co. reduced its stake in Churchill Downs, Inc. (NASDAQ:CHDN) by 17.4% during the fourth quarter of 2025, selling 62,287 shares. This transaction leaves the firm with 296,371 shares, valued at approximately $33.7 million, representing a 0.43% ownership of the company's outstanding stock. The reduction could indicate a shift in the bank's investment outlook regarding Churchill Downs' performance or growth prospects.
Churchill Downs (CHDN) director awarded phantom share units
Churchill Downs Inc. director Douglas C. Grissom received 382.67 phantom share units as part of his director compensation, which were valued based on the closing price of CHDN common stock on March 31, 2026. These units are economically equivalent to one share each and will be paid in common stock upon the completion of his board service. Following this award, his total holdings tied to Churchill Downs common stock, including restricted stock units and deferred compensation phantom units, amount to 40,365.29 share-equivalents.
Churchill Downs Oddsaker Mike Battaglia Passes The Reins To Nick Tammaro
After 51 years, Mike Battaglia is stepping down as Churchill Downs' morning line oddsmaker and will be succeeded by Nick Tammaro. Tammaro currently serves as an oddsmaker at Keeneland and track announcer at Sam Houston Race Park. Battaglia's long career included correctly identifying the Kentucky Derby favorite 76.5% of the time, and he will be honored by Churchill Downs on April 26.
Federal judge voids HISA fee method in Churchill Downs case
A federal court in the Western District of Kentucky ruled that the Horseracing Integrity and Safety Authority’s (HISA) purse-weighted fee methodology is arbitrary, capricious, and unlawful. Churchill Downs (CHDN), the plaintiff, stated that this decision prevents HISA from collecting fees using this method and views it as a validation of their legal challenge. Churchill Downs CEO Bill Carstanjen criticized HISA's fiscal mismanagement and exceeding its authority.
Churchill Downs Incorporated Statement Regarding United States District Court Victory in Churchill Downs Inc. v. Horseracing Integrity and Safety Authority
Churchill Downs Incorporated (CDI) announced a recent victory in the United States District Court for the Western District of Kentucky against the Horseracing Integrity and Safety Authority (HISA). The court ruled that HISA acted arbitrarily and capriciously in its fee methodology, declaring its efforts to collect purse-weighted fees unlawful. CDI CEO Bill Carstanjen expressed satisfaction with the decision, criticizing HISA's fiscal mismanagement and continuous overreach of authority as distractions from their shared mission of equine health and safety.
Retirement Systems of Alabama Raises Position in Churchill Downs, Incorporated $CHDN
Retirement Systems of Alabama recently increased its stake in Churchill Downs (NASDAQ:CHDN) by 6.0% during the fourth quarter, bringing its total holdings to 202,056 shares valued at approximately $22.99 million. This move contributes to the company's overall institutional ownership of about 82.59%. Wall Street analysts maintain a "Moderate Buy" consensus rating with an average price target of $135.00, following the company's recent earnings beat with $0.97 EPS against an expected $0.85.
Churchill Downs Inc Stock: Core Business Model and Investor Outlook for Steady Growth in Gaming and Racing
Churchill Downs Inc. (CHDN) offers investors exposure to horse racing, casinos, and online gaming, diversified through events like the Kentucky Derby and a growing digital presence. The company's business model leverages its iconic racing heritage with expanding casino and online betting segments, providing a stable operator profile in a fragmented sector. With ongoing legalization of sports betting and iGaming, CHDN is well-positioned for sustained growth in North American portfolios, despite regulatory and competitive risks.
MSW Purses At Ellis, Kentucky Downs Projected To Remain Level Compared To Last Summer
Maiden special weight (MSW) race purses at Ellis Park and Kentucky Downs are expected to remain at 2025 levels for the upcoming summer meets. Ellis Park will maintain $100,000 per MSW race over 25 dates, while Kentucky Downs will offer $170,000 over seven dates. These figures, disclosed at a Kentucky Thoroughbred Development Fund meeting, serve as an industry barometer for race quality and attraction.
Judge rules HISA's fee collection 'unlawful' in Churchill Downs feud
A federal judge has ruled that the Horseracing Integrity and Safety Authority (HISA)'s purse-weighted methodology for collecting fees, as well as its enforcement efforts, were "arbitrary and capricious and therefore unlawful" in a lawsuit brought by Churchill Downs Inc. Churchill Downs CEO Bill Carstanjen criticized HISA's fiscal mismanagement, while HISA described the decision as "narrow." The ruling stems from a long-standing dispute over HISA's fee collection methods, which Churchill Downs argued should be based on a "starts-only" formula rather than a purse-weighted one.
Churchill Downs Inc. gets symbolic victory in HISA suit
Churchill Downs Inc. achieved a symbolic victory in its lawsuit against the Horseracing Integrity and Safety Act (HISA). The article indicates this is a meaningful yet possibly non-definitive win for the company in the ongoing legal battle.
Churchill Downs wins partial victory in fee dispute vs. HISA
A federal judge ruled that HISA's fee structure, which included purse money in 2022-2024, was "unlawful" in a partial victory for Churchill Downs Inc. Churchill Downs CEO Bill Carstanjen expressed satisfaction with the judgment, criticizing HISA's fiscal management, while HISA noted the ruling's narrow scope and that the "racing-starts-only" rule is now in effect. The dispute stemmed from a $6.3 million bill and Churchill's objection to purse money being included in HISA's fee calculations.
Federal judge sides with Churchill Downs, says HISA's prior fee calculation was ‘unlawful’
A federal district court judge has ruled that the Horseracing Integrity and Safety Authority (HISA)'s prior methodology for calculating assessment fees was "unlawful," siding with Churchill Downs Inc. Churchill Downs CEO Bill Carstanjen criticized HISA's fiscal management, viewing the court's decision as validation of their legal challenge. While the judge's order grants limited relief for past years, HISA stated Churchill Downs will still be required to pay its 2025 fees based on the race-start calculation.
Complaint against Churchill Downs may impact derby simulcast, remote betting
A complaint filed against Churchill Downs Inc. by the Horseracing Integrity and Safety Authority (HISA) for $2.4 million in unpaid fees could prevent simulcast operations for the Kentucky Derby, limiting betting to Kentucky racetracks. Churchill Downs claims HISA's actions are overreach, and HISA has stated that failure to pay could prevent the simulcast signal from leaving the state, impacting out-of-state betting and race purses.
Churchill Downs Stock Is Cheaper, But Debt Still Looms Large
Churchill Downs (CHDN) stock has lagged the broader market due to investor concerns over high leverage and mixed Q4 2025 results, despite strong revenue growth from gaming expansions and the Kentucky Derby. While the company exhibits solid profitability and improving cash flow, its significant debt (net_debt/EBITDA of 4.47) and operational execution risk on new projects remain key concerns for investors. The stock trades at a discount to its historical valuation and the market, presenting a potential opportunity for long-term investors if management can successfully deleverage and execute on growth initiatives.
Donation to My Sister’s Hope
Churchill Downs Incorporated, which owns and operates Colonial Downs Racetrack and Rosie’s Gaming Emporium in New Kent, donated $10,000 to My Sister’s Hope. This donation was made during a ceremony at the Virginia Derby. My Sister’s Hope provides stability and resources to vulnerable individuals, particularly single mothers experiencing food or housing insecurity, through programs based in New Kent.
Vanguard disaggregates holdings in CHDN (NYSE: CHDN) after Jan 12, 2026 realignment
Vanguard Group filed an amendment to its Schedule 13G for Churchill Downs Inc. (CHDN), reporting zero beneficial ownership of common stock. This change follows an internal realignment on January 12, 2026, where certain Vanguard subsidiaries began reporting their holdings separately, as per SEC Release No. 34-39538. The filing indicates a procedural reporting shift rather than an economic sale of shares.
Kentucky Oaks 2026 post time is the latest in Churchill Downs history
The 152nd Kentucky Oaks in 2026 will have its latest post time ever at Churchill Downs, scheduled for 8:40 p.m. on Friday, May 1. This change moves the race to primetime, aiming to give it a national stage, and will make it the last race of the day. Despite the schedule adjustment, traditions like pink fashion and women's health advocacy on Oaks Day will remain.
Kentucky Derby is safe after Churchill Downs, HISA reach agreement
Churchill Downs Inc. and the Horseracing Integrity and Safety Authority (HISA) have reached an agreement regarding millions in unpaid fees, ensuring the Kentucky Derby is not impacted. The specific terms of the agreement, including whether Churchill Downs Inc. will remit full or partial payment, have not been disclosed, and both parties declined to comment further. This resolution prevents a potential simulcast racing ban over disputed fees of more than $5 million.
JPMorgan Chase & Co. Buys 16,646 Shares of Churchill Downs, Incorporated $CHDN
JPMorgan Chase & Co. has increased its stake in Churchill Downs by 8.2% in the third quarter, acquiring an additional 16,646 shares to hold a total of 219,834 shares valued at approximately $21.33 million. This comes as Churchill Downs reported a strong financial quarter, beating earnings per share and revenue expectations. The company also shows high institutional interest and largely bullish analyst ratings, with an average target price of $135.
Churchill, HISA settle their dispute over $6.3 million in fees
Churchill Downs Inc. and the Horseracing Integrity and Safety Authority (HISA) have settled their dispute over $6.3 million in fees and interest, avoiding a potential court battle. The agreement, which is confidential, resolves outstanding assessments for four CDI-owned racetracks. The dispute arose after CDI objected to HISA's fee schedule, which it argued was tilted against tracks with larger purses.
Churchill Downs comes to agreement with HISA over unpaid feeds
Churchill Downs and the Horseracing Integrity and Safety Authority (HISA) have reached an agreement regarding unpaid assessment fees from 2025. This resolution prevents Churchill Downs, along with Turfway Park, Ellis Park, and Presque Isle Downs, from having their races canceled. The agreement's specifics, including the exact amount Churchill Downs will pay, have not been disclosed, but it resolves the dispute over millions in fees.
Churchill Downs, HISA reach agreement on unpaid fees
Churchill Downs Inc. and the Horseracing Integrity and Safety Authority (HISA) have resolved their dispute over unpaid fees for safety inspections and drug testing. This agreement prevents a potential ban on simulcasting for Churchill Downs, which could have impacted major events like the Kentucky Derby. While Churchill Downs owed over $6.3 million, HISA was seeking $2.4 million, and the specific details of the resolution have not been publicly disclosed.
HISA and Churchill Downs Inc. reach agreement on unpaid dues dispute
The article reports that the Horseracing Integrity and Safety Authority (HISA) and Churchill Downs Inc. have reached an agreement regarding a dispute over unpaid dues. This resolution signifies an end to the financial disagreement between the two organizations.
Why Churchill Downs (CHDN) Stock Is Down Today
Churchill Downs' (NASDAQ: CHDN) stock fell 4.6% today after the Horseracing Integrity and Safety Authority (HISA) demanded the company pay $5.27 million in delinquent dues by March 26 or face a ban on out-of-state wagering. This regulatory issue follows a recent weaker-than-expected earnings report, contributing to the stock's 25.4% decline year-to-date. Investors who bought shares five years ago have seen a significant loss.
Churchill Downs (CHDN) awards restricted stock units to its President & COO
Churchill Downs Inc. has awarded President and COO William E. Mudd 1,449 restricted stock units, representing a compensation-related equity award rather than a market transaction. These units will vest in three equal installments on December 31, 2026, December 31, 2027, and December 31, 2028. Following this grant, Mudd directly holds 37,679 shares-related units, tying his ongoing equity stake to the company's multi-year performance and retention.
Churchill Downs Inc (CHDN) Stock Price Down 3.97% on Mar 20
Shares of Churchill Downs Inc (CHDN) fell 3.97% on March 20, trading at $84.35, which is 28.80% below its 52-week high and 5.12% above its 52-week low. Wall Street analysts provide an average target price of $135.86, suggesting a 61.07% upside, with a consensus "Outperform" recommendation. GuruFocus estimates a one-year GF Value of $169.98, indicating a potential upside of 101.53%.
Churchill Downs Inc., regulating agency HISA feud in federal court
Churchill Downs Inc. (CDI) and the Horseracing Integrity and Safety Authority (HISA) are embroiled in a federal court battle over millions of dollars in fees. CDI refuses to pay the fees, arguing HISA's calculation methods are illegal. The dispute highlights tensions between the racing giant and the regulatory body over assessment formulas and HISA's authority.
Churchill appeals HISA ruling, requests stay
Churchill Downs Inc. has appealed a Fifth Circuit Court of Appeals ruling and requested a stay. The appeal pertains to the Horseracing Integrity and Safety Act (HISA).
Churchill Downs stands firm in fight against HISA, says it's acting in 'bad faith'
Churchill Downs is refusing to pay over $2 million in fees plus interest to the Horseracing Integrity and Safety Authority (HISA) for 2025 safety inspections and drug testing. HISA has issued an order for payment by March 26, threatening to cancel race dates if Churchill Downs does not comply. Churchill Downs claims HISA is acting in "bad faith" and exceeding its authority while remaining confident in its position as a federal court ruling on these issues is pending.
Churchill Downs ordered to pay fees owed to safety board to host covered races
Churchill Downs, host of the Kentucky Derby, has been ordered by the Horseracing Integrity and Safety Authority (HISA) to pay an initial sum of $2.4 million by March 26. This payment is part of nearly $18 million in unpaid track fees, and failure to pay could prohibit the venue from hosting covered races. Despite this, the Kentucky Derby is currently still scheduled for the first Saturday in May.
Churchill Downs ordered to pay $5.28M in HISA fees or face simulcast racing ban
A HISA board panel has ordered Churchill Downs Inc. to pay over $5.25 million in disputed fees and interest, a conflict stemming from how HISA calculates fees to fund the regulatory body. If Churchill Downs fails to pay by March 26, it could be barred from offering simulcast wagering on its races, potentially impacting the upcoming Kentucky Derby. Churchill Downs Inc. disputes the fees, calling them "unconstitutional and harmful actions" and maintains HISA has exceeded its authority, with a federal lawsuit currently pending.
Churchill Downs ordered to pay millions in fees or risks having races canceled
Churchill Downs is facing potential race cancellations if it fails to pay over $2 million in assessment fees and interest to the Horseracing Integrity and Safety Authority (HISA) by March 26. These fees are for safety inspections and drug testing at four of its racetracks. While HISA is initially seeking a minimum amount for Churchill Downs Inc., they reserve the right to pursue a larger balance, and other associated tracks like Turfway Park, Ellis Park, and Presque Isle Downs also have significant payments due.
Churchill Downs ordered to pay HISA at risk of losing simulcasting
The Horseracing Integrity and Safety Authority (HISA) has ordered Churchill Downs, Inc (CDI) to pay millions in unpaid fees and interest from 2025 across four of its racetracks. CDI must pay these fees totaling over $5 million within 10 days, or its racetracks will be prohibited from conducting "Covered Horseraces," which include off-track and online betting. CDI has the option to appeal the decision, but declined to comment at this time.
HISA Tells Churchill To Pay Up, Threatens To Pull Simulcast Signals In 10 Days
HISA has ordered Churchill Downs Inc. (CDI) to pay over $5 million in assessment fees, plus interest, threatening to revoke CDI's simulcasting privileges for out-of-state locations if payment is not made by March 27. This move could severely impact Kentucky Derby Day, as a significant portion of the race's betting handle comes from out-of-state wagering. CDI has a pending lawsuit challenging HISA's changed assessment methodology and maintains it will pay once the court rules, though HISA is currently seeking a partial payment based on Churchill's individual track liabilities.
Churchill Downs ordered to pay HISA at risk of losing simulcasting
The Horseracing Integrity and Safety Authority (HISA) has ordered Churchill Downs, Inc (CDI) to pay millions in fees from 2025, plus interest, for violating federal racing rules by not assessing payments. If CDI fails to pay the over $5 million total within 10 days of the March 16 decision, its racetracks will be prohibited from conducting covered horseraces, impacting simulcasting and online betting. CDI plans to appeal, arguing HISA has exceeded its authority.
HISA board rules against CDI in fees dispute
The Horseracing Safety and Integrity Authority (HISA) board ruled against Churchill Downs Inc. (CDI) in a dispute over assessed fees. CDI had challenged HISA's fee structure, leading to a revised methodology, but the panel determined CDI violated HISA rules and ordered payment by March 26, 2026. CDI owes $8.9 million under the original methodology or $2.4 million plus interest under the amended rule, and may appeal the decision.
Churchill Downs Ordered To Pay 2025 HISA Fees By March 26
The Horseracing Integrity and Safety Authority (HISA) has ordered Churchill Downs Inc. (CDI) to pay its 2025 HISA fees by March 26, plus interest, or face a ban on out-of-state wagering for its racetracks. CDI owes over $5 million in fees and interest across its four racetracks, a payment it had been resisting by challenging fee calculations and failing to pay previously assessed fees from 2023 and 2024. The company's lawsuit regarding fee calculation is still pending, but HISA's current order is based on a "decision meant to benefit CDI in light of its pending suit."
Churchill Downs seeks 'unprecedented visibility' for primetime Kentucky Oaks
Churchill Downs is moving the Kentucky Oaks race to a primetime evening slot at 8:40 p.m. ET on May 1st to attract a broader national audience and increase wagering. This decision, a collaboration with NBC, aims to position the Oaks as a key lead-up to the Kentucky Derby, despite some concerns from Louisville's hospitality industry about impacting evening crowds. The company hopes the later start time will appeal to fans who are typically busy during the day, enhancing the event's overall visibility and engagement.
Churchill Downs must pay millions in outstanding debts, HISA board rules
The Horseracing Integrity and Safety Authority (HISA) has ruled that Churchill Downs Inc. (CDI) must pay over $2.4 million in outstanding fees for safety inspections and drug testing at four of its racetracks, plus interest, by March 26, 2026. HISA accused CDI of "freeloading" after the company refused to pay for services in 2025, leading to a complaint. Failure to pay could result in CDI being barred from simulcasting upcoming races, including the Kentucky Derby, limiting betting to in-person at the track.
HISA: Churchill must pay outstanding fees or risk losing simulcast capabilities
Churchill Downs is facing potential loss of its simulcast capabilities if it does not pay outstanding fees to the Horseracing Integrity and Safety Authority (HISA). The authority has issued a warning to Churchill Downs regarding these unpaid fees.
Churchill Downs Incorporated 2026 First Quarter Financial Results Conference Call Invitation
Churchill Downs Incorporated announced it will release its first quarter 2026 financial results after the market closes on Wednesday, April 22, 2026. The company will host a conference call to discuss these results on Thursday, April 23, 2026, at 9 a.m. ET. Investors can access the webcast or register for the teleconference to participate.
Churchill Downs Still a ‘Buy’ Amid Virginia Gaming Expansion Talks
Despite a significant year-to-date stock decline and new gaming expansion legislation in Virginia, Stifel analyst Jordan Bender maintains a "buy" rating on Churchill Downs (NASDAQ: CHDN) with a $136 price target. The company faces potential competition from skill games and a proposed Fairfax County casino, which Churchill Downs and MGM Resorts are expected to intensely lobby against. However, the deferral of iGaming legislation and Churchill Downs' strong growth prospects from acquisitions and expansion projects are seen as positive factors.
Churchill Downs Inc Stock Posts Earnings Beat Despite Gaming Headwinds
Churchill Downs Inc. reported stronger-than-expected earnings of $0.97 per share, beating forecasts by nearly 9%, and saw quarterly revenue grow 6.7%. Despite this operational resilience, the stock has declined 26.7% over the past year, indicating investor concerns about future growth and competitive pressures in the regional gaming market. The company's future performance may depend on successful expansion into new markets like Virginia and strategic capital allocation decisions.
Churchill Downs, Incorporated $CHDN Shares Acquired by Hudson Way Capital Management LLC
Hudson Way Capital Management LLC significantly increased its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 14.3% in the third quarter, now owning 1.64% of the company's stock valued at $110.62 million. This move makes Churchill Downs its second largest holding, and other institutional investors have also increased their positions. The company reported strong Q4 earnings, beating analyst expectations, and maintains a "Moderate Buy" consensus rating with an average price target of $135.00.
Churchill Downs, Incorporated $CHDN Shares Purchased by Gotham Asset Management LLC
Gotham Asset Management LLC significantly increased its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 127.9% in the third quarter, now owning 410,406 shares valued at $39.81 million. Other institutional investors also adjusted their positions in the company, which has a "Moderate Buy" consensus rating from analysts with an average price target of $135.00. The company recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue.
What is the new Kentucky Oaks post time for 2026? Here's what to know
The 2026 Kentucky Oaks will be broadcast in prime time on NBC and Peacock for the first time, with a new post time of 8:40 p.m. ET on Friday, May 1. This change aims to significantly increase viewership and elevate the event's national profile, making it the final race of the day. The article also covers details about the event, how to watch, and associated traditions like the Oaks Lily drink and "Pink Out" attire.
Churchill Downs, Incorporated $CHDN Shares Sold by ArrowMark Colorado Holdings LLC
ArrowMark Colorado Holdings LLC decreased its stake in Churchill Downs (NASDAQ:CHDN) by 12.4% in the third quarter, selling 115,138 shares and now owning 815,343 shares valued at $79.1 million. Other hedge funds also adjusted their holdings, with institutional investors and hedge funds collectively owning 82.59% of the stock. Analysts currently have a "Moderate Buy" rating for Churchill Downs, with a consensus price target of $135.00.
OPINION: “Thoughts of the Day” on Turfway Park’s New Bet; & Marshall Yards
This article discusses two main points: Turfway Park's new "Octafecta" bet and the opening of Marshall Yards. The author defends the Octafecta as a way to attract casual bettors, despite criticism from hardcore handicappers and social media. The article also highlights Churchill Downs' continued investment in the racing industry with the new Marshall Yards facility in West Kentucky, generating new revenue for the sport.
Here's how much Churchill Downs' top execs made last year
Churchill Downs Inc.'s CEO, Bill Carstanjen, received the majority of his compensation last year from long-term stock awards. Additionally, four other executives at the company earned between $1.8 million and $7.2 million. The article provides a brief overview of executive compensation at Churchill Downs.
