Choice Hotels International (NYSE:CHH) Price Target Raised to $145.00 at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its target price raised by Robert W. Baird from $138.00 to $145.00 in a report issued on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on CHH. Truist Financial dropped their price objective 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. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research report on Wednesday. The Goldman Sachs Group increased their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday. UBS Group dropped their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Barclays increased their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $128.20.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $0.05 during mid-day trading on Wednesday, reaching $144.53. 27,667 shares of the stock traded hands, compared to its average volume of 480,396. The business’s 50-day moving average is $131.78 and its 200-day moving average is $124.29. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $6.82 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, sell-side analysts predict that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the transaction, the executive vice president now owns 68,509 shares in the company, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,429 shares of company stock worth $4,866,493 over the last three months. Insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Several hedge funds have recently added to or reduced their stakes in CHH. Eagle Bay Advisors LLC boosted its stake in Choice Hotels International by 12.9% in the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after acquiring an additional 96 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after acquiring an additional 101 shares during the period. Huntington National Bank boosted its stake in Choice Hotels International by 4.7% during the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after purchasing an additional 101 shares during the period. Aurora Investment Managers LLC. boosted its stake in Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock worth $1,624,000 after purchasing an additional 113 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in 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 purchasing an additional 117 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.