Choice Hotels International (NYSE:CHH) Price Target Raised to $114.00 at Deutsche Bank Aktiengesellschaft

Choice Hotels International (NYSE:CHH) had its price objective upped by Deutsche Bank Aktiengesellschaft from $113.00 to $114.00 in a research report report published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts have also recently weighed in on CHH. Truist Financial decreased their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group initiated coverage on shares of Choice Hotels International in a research report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price objective for the company. UBS Group reduced their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Finally, Robert W. Baird set a $138.00 price objective on shares of Choice Hotels International in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $128.10.

Choice Hotels International Price Performance

NYSE:CHH opened at $139.53 on Tuesday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm has a fifty day simple moving average of $131.17 and a 200 day simple moving average of $123.99. The stock has a market capitalization of $6.59 billion, a PE ratio of 29.01, a P/E/G ratio of 2.27 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the business earned $1.82 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts expect that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 23.91%.

Insider Transactions at Choice Hotels International

In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated 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 owns 18,084 shares of the company’s stock, valued at $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated 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 owns 18,084 shares of the company’s stock, valued at $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is currently owned by corporate insiders.

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 raised its stake in Choice Hotels International by 77.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after purchasing an additional 1,788,563 shares in the last quarter. Vanguard Group Inc. raised its stake in Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after acquiring an additional 195,956 shares in the last quarter. Boston Trust Walden Corp raised its stake in Choice Hotels International by 0.9% during the second quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock worth $112,046,000 after acquiring an additional 8,033 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Choice Hotels International by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock worth $80,340,000 after acquiring an additional 26,289 shares in the last quarter. Finally, Raymond James & Associates raised 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 worth $47,557,000 after acquiring an additional 113,951 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

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.