Choice Hotels International, Inc. (NYSE:CHH) Receives Consensus Rating of “Hold” from Analysts

Shares of Choice Hotels International, Inc. (NYSE:CHH) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $130.45.

A number of research firms have recently commented on CHH. Susquehanna began coverage on shares of Choice Hotels International in a report on Friday, June 21st. They issued a “neutral” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Truist Financial cut their price target on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Robert W. Baird dropped their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research report on Friday, July 19th.

Choice Hotels International Trading Down 0.0 %

Shares of CHH opened at $121.28 on Monday. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $136.02. The company has a market cap of $5.84 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.13 and a beta of 1.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75. The company’s fifty day simple moving average is $121.12 and its 200-day simple moving average is $120.26.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.03). The firm had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. As a group, analysts expect that Choice Hotels International will post 6.46 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, July 1st. Choice Hotels International’s payout ratio is currently 24.68%.

Insider Transactions at Choice Hotels International

In related news, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the sale, the insider now owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The disclosure for this sale can be found here. Insiders have sold a total of 27,619 shares of company stock valued at $3,436,998 in the last 90 days. Insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Blue Trust Inc. increased its holdings in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Covestor Ltd increased its holdings in Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 141 shares in the last quarter. Finally, Vima LLC purchased a new stake in Choice Hotels International in the 4th quarter worth $36,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.