Robert W. Baird Issues Positive Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its price objective increased by Robert W. Baird from $145.00 to $160.00 in a research note published on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company raised their price objective on Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Morgan Stanley reissued an “underweight” rating and issued a $129.00 price target (down previously from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Truist Financial lifted their price target on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Barclays lifted their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. Finally, Bank of America lifted their price target on Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $139.92.

Choice Hotels International Trading Down 1.5 %

Shares of Choice Hotels International stock opened at $148.02 on Tuesday. The company has a market capitalization of $6.92 billion, a PE ratio of 23.76, a PEG ratio of 1.90 and a beta of 1.23. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $157.86. The stock’s fifty day simple moving average is $145.25 and its 200 day simple moving average is $138.97.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Analysts predict that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is currently 18.46%.

Institutional Trading of Choice Hotels International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at about $1,109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Choice Hotels International by 10.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company’s stock worth $14,145,000 after buying an additional 9,474 shares during the last quarter. Voloridge Investment Management LLC increased its position in Choice Hotels International by 36.0% during the fourth quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company’s stock worth $8,624,000 after buying an additional 16,067 shares during the last quarter. Sophron Capital Management L.P. acquired a new position in Choice Hotels International during the fourth quarter worth approximately $7,736,000. Finally, Redwood Investment Management LLC acquired a new position in Choice Hotels International during the fourth quarter worth approximately $5,123,000. 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.