Choice Hotels International, Inc. (NYSE:CHH) Given Average Recommendation of “Reduce” by Analysts

Choice Hotels International, Inc. (NYSE:CHH) has been given an average recommendation of “Reduce” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $135.92.

Several equities analysts recently weighed in on CHH shares. The Goldman Sachs Group raised their price objective on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Truist Financial boosted their price target on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Morgan Stanley reissued an “underweight” rating and set a $129.00 price objective (down previously from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Susquehanna increased their target price on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Bank of America raised their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.

Insider Transactions at Choice Hotels International

In related news, CEO Patrick Pacious sold 26,816 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,551,123.54. This trade represents a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CHH. Boston Trust Walden Corp boosted its stake in Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock valued at $134,822,000 after acquiring an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after purchasing an additional 111,903 shares during the period. Raymond James & Associates increased its stake in Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Choice Hotels International during the third quarter worth $19,545,000. Finally, Stifel Financial Corp lifted its position in shares of Choice Hotels International by 31.4% in the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock worth $18,735,000 after buying an additional 34,396 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

CHH opened at $147.19 on Monday. The business has a 50 day simple moving average of $144.66 and a 200-day simple moving average of $136.04. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $153.81. The stock has a market capitalization of $6.90 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.84 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter last year, the firm posted $1.82 EPS. The business’s revenue was up .6% compared to the same quarter last year. Research analysts anticipate that Choice Hotels International will post 6.84 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

About Choice Hotels International

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.