Choice Hotels International, Inc. (NYSE:CHH) Receives $130.45 Consensus Price Target from Analysts

Choice Hotels International, Inc. (NYSE:CHH) has been given a consensus recommendation of “Reduce” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $134.18.

CHH has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday, November 6th. Wells Fargo & Company began coverage on Choice Hotels International in a research report on Thursday, December 5th. They issued an “underweight” rating and a $133.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday. The Goldman Sachs Group raised their price target on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Truist Financial upped their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th.

Choice Hotels International Stock Up 0.0 %

NYSE:CHH opened at $146.45 on Friday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $153.81. The stock’s 50 day moving average price is $142.50 and its two-hundred day moving average price is $129.86.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts expect that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now directly owns 18,084 shares of the company’s stock, valued at $2,441,340. The trade was a 8.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Pacious sold 26,816 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total value of $3,880,007.04. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $58,551,123.54. The trade was a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,412 shares of company stock valued at $8,582,271 in the last quarter. Company insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Choice Hotels International during the 3rd quarter worth $19,545,000. Natixis Advisors LLC lifted its position in shares of Choice Hotels International by 917.2% during the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after buying an additional 145,893 shares during the last quarter. Raymond James & Associates boosted its stake in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after acquiring an additional 90,765 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

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.