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No insider purchase over the last 90 days. The latest was filed 08 May 2025.
Churchill Downs Inc: what insiders have been doing
Churchill Downs Inc, founded in 1875, is a Retail company based in Louisville, United States. Its directors and officers file their transactions with SEC (Form 4). In the past year (18 October 2025 to 18 October 2026), 29 filings came from 11 insiders.
None of the filings is a plain purchase or sale on the open market; they cover grants, option exercises and other movements. Compensation-driven entries like these are tracked, but they say little about how insiders judge the share price.
Across the 5,813 companies tracked on its exchange, the median is 19 filings; at 29 filings, this issuer sits above that mark. Since 2016, the database holds 7 purchases and 6 sales by insiders of the company. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 2.93 bn USD and net income at 383.0 m USD; the dividend was 0.44 USD per share.
Over the last twelve months, not one insider purchase of Churchill Downs Inc stock was filed. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. Section 16 rules allow two business days to file each Form 4.
For comparison within the same sector, see the insider buying recorded at GameStop Corp. and Dick's Sporting Goods, Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
194
Thresholds
n/a
Buy Volume
€2M
7 ops. · all time
Sell Volume
€7M
6 ops. · all time
Who traded when
BuySaleDouglas C. Grissom1 buy
Paul C. Varga1 buy
R. Alex Rankin1 buy
Since the insiders bought
- -9.3%Entry US$95.04 · Close at T+365 US$86.17
- -6.0%Entry US$93.72 · Close at T+365 US$88.13
- +0.1%Entry US$92.20 · Close at T+365 US$92.25
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Churchill Downs Inc Strong Buy (bullish), based on 12 analysts. Average price target: US$127.67.
Fundamental score
Ranked 6,276 of 24,158 companies
63.5
score / 100
Value66
Quality61
FCF yld5.4%
Earn yld6.7%
EV/EBITDA10.1x
ROE34%
Gross mgn34%
Net mgn13%
Debt/EBITDA4.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$80.02
Analyst consensus
12 analystsStrong buy
US$100.00Target US$127.67(+60%)US$153.00
Income statement
RevenueUS$2.9B
Gross profitUS$982.6M34% margin
EBITDAUS$1.1B37% margin
Net incomeUS$383M13.8% margin
Valuation
PER (trailing)13.7x
PER (forward)11.0x
P/Book4.2x
Beta0.77
Balance sheet & cash
Market capUS$5.6B
Total debtUS$5.1B
Free Cash FlowUS$309.6M
Debt / Equity349%
Profitability & ownership
ROE33.8%
ROA6.5%
% insiders5.9%
% institutions89.4%
Last declaration on 2 October 2026
Declarations194 total
454.22 shares0Common StockSEC:0001246240-26-000008:0
2,257 shares0Common StockSEC:0001180740-26-000003:0
00Common StockSEC:0001180740-26-000003:1
2,257 shares0Common StockSEC:0001257384-26-000003:0
2,257 shares0Common StockSEC:0001444804-26-000003:0
2,257 shares0Common StockSEC:0001959476-26-000003:0
2,257 shares0Common StockSEC:0001246240-26-000004:0
2,257 shares0Common StockSEC:0001694416-26-000003:0
382.67 shares0Common StockSEC:0001246240-26-000002:0
6,104 shares0Common StockSEC:0001942127-26-000002:0
16,648 shares0Common StockSEC:0001415049-26-000003:0
12,207 shares0Common StockSEC:0001460624-26-000002:0
37,727 shares0Common StockSEC:0001330580-26-000004:0
116.68 shares0Common StockSEC:0000020212-26-000013:0
476.98 shares0Common StockSEC:0000020212-26-000012:0
199.38 shares0Common StockSEC:0000020212-26-000011:0
17.11 shares0Common StockSEC:0000020212-26-000010:0
39.45 shares0Common StockSEC:0000020212-26-000009:0
59.98 shares0Common StockSEC:0000020212-26-000008:0
2,959 shares0Common StockSEC:0001942305-26-000002:0
26,711 shares0Common StockSEC:0001330580-26-000002:0
6,060 shares0Common StockSEC:0000020212-26-000006:0
5,258 shares0Common StockSEC:0000020212-26-000004:0
13,477 shares0Common StockSEC:0000020212-26-000002:0
302.12 shares0Common StockSEC:0000020212-26-000001:0
25 of 194 declarations
About Churchill Downs Inc
Churchill Downs Inc. (ticker: CHDN) is a U.S.-listed company trading on the Nasdaq stock exchange in the United States. For French-speaking investors, it is best understood as a distinctive leisure, racing, wagering and regional gaming platform built around one of America’s most iconic entertainment assets: the Kentucky Derby. Headquartered in Louisville, Kentucky, Churchill Downs has evolved from a historic racetrack operator into a diversified entertainment company with exposure to live racing, online wagering, historical racing machines, and regional casino-style gaming.
The company’s heritage dates back to the 19th century and remains closely tied to Churchill Downs Racetrack and the Kentucky Derby, which CDI describes as its flagship event. Over time, the group expanded beyond horse racing into a broader set of businesses. Its core activity now spans live and historical racing operations, online wagering through TwinSpires, wagering technology and services, and regional gaming venues. In practice, this means Churchill Downs monetizes both event-driven entertainment and more recurring gaming-related cash flows, giving the business a more diversified profile than a pure racing operator.
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From a competitive standpoint, Churchill Downs benefits from a rare combination of brand equity, event ownership, and operating scale. The Kentucky Derby provides global visibility and a premium hospitality platform, while the group’s growing network of historical racing and gaming assets strengthens its foothold in regulated U.S. markets. TwinSpires remains an important strategic asset in online horse racing wagering, and the company has continued to build out gaming venues in states such as Kentucky, Virginia and New Hampshire. This geographic footprint supports local market penetration while reducing dependence on a single revenue stream.
Recent developments highlight a still-expansionary strategy. In 2025 and early 2026, Churchill Downs opened new gaming properties, including Owensboro Racing and Gaming in Kentucky and Marshall Yards Racing & Gaming in southwestern Kentucky, while also announcing plans for Rockingham Grand Casino in Salem, New Hampshire. The company has also continued to invest in Churchill Downs Racetrack, with projects designed to enhance the Kentucky Derby guest experience. In its latest 2025 full-year results, CDI reported record quarterly revenue and Adjusted EBITDA, underscoring operational momentum, although investors should continue to monitor execution risk, regulatory exposure and capital intensity. Overall, Churchill Downs remains a U.S. leisure and gaming company with a premium brand, a strong event franchise, and an active development pipeline.
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