Added to YB: 2026-08-25
Pitch date: 2026-08-22
CHDN [neutral]
Churchill Downs Incorporated
Author Info
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Company Info
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.
Market Cap
$6.5B
Pitch Price
N/A
Price Target
N/A
Dividend
0.47%
EV/EBITDA
9.62
P/E
15.95
EV/Sales
3.76
Sector
Hotels, Restaurants and Leisure
Category
special_situation
$CHDN: they listed nine casinos to sell, and quietly stopped buying back stock
CHDN (overview): Named 9 regional casinos to explore selling, keeping Derby/Churchill racetrack/HRMs/TwinSpires. No timetable/price/updates given—pre-announced no catalyst. Buyback switched off 9mo (only 28.5k shares vs 3.8M prior), $663M debt now current. $6.5B mkt cap, 20%+ below 52wk high $118. Selling into soft consumer; may be creditor event not equity. Interesting, not a call.
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