Analysts Set Choice Hotels International, Inc. (NYSE:CHH) PT at $129.70

Choice Hotels International, Inc. (NYSE:CHH) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $129.70.

Several research firms recently commented on CHH. Barclays decreased their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Truist Financial increased their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th.

Insider Activity

In other news, insider Robert J. Mcdowell sold 1,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total value of $146,151.94. Following the sale, the insider now directly owns 38,502 shares in the company, valued at approximately $4,527,065.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 24.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the period. Covestor Ltd raised its stake in shares of Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the period. Vima LLC bought a new stake in Choice Hotels International in the 4th quarter valued at about $36,000. Wetzel Investment Advisors Inc. bought a new stake in Choice Hotels International in the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. bought a new stake in Choice Hotels International in the 4th quarter valued at about $48,000. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Trading Down 3.0 %

CHH stock opened at $111.97 on Wednesday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The company’s 50-day simple moving average is $120.45 and its 200 day simple moving average is $117.72. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $136.02. The company has a market capitalization of $5.39 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.15 by $0.13. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The business had revenue of $331.90 million for the quarter, compared to the consensus estimate of $343.04 million. During the same period in the prior year, the company posted $1.12 earnings per share. Choice Hotels International’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Choice Hotels International will post 6.45 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.03%. Choice Hotels International’s payout ratio is currently 24.68%.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.