Choice Hotels International, Inc. (NYSE:CHH) Receives $126.00 Consensus Price Target from Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH) have been assigned a consensus rating of “Reduce” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $125.50.

Several brokerages have issued reports on CHH. Barclays decreased their price target on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. 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 report on Wednesday, September 4th. The Goldman Sachs Group initiated coverage on shares of Choice Hotels International in a research note on Wednesday, September 18th. They set a “sell” rating and a $105.00 target price for the company. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 19th. Finally, StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd.

Choice Hotels International Stock Down 3.1 %

Shares of NYSE:CHH opened at $131.93 on Friday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.83. The company has a market capitalization of $6.35 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25. The company has a fifty day moving average of $128.39 and a 200-day moving average of $122.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same period in the previous year, the business posted $1.75 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Choice Hotels International will post 6.38 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 24.68%.

Insider Activity

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares in the company, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 over the last 90 days. 24.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Choice Hotels International

Large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its position in Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after buying an additional 5,156 shares during the period. Congress Asset Management Co. MA boosted its position in Choice Hotels International by 29.8% during the first quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock worth $6,378,000 after purchasing an additional 11,581 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after purchasing an additional 8,485 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Choice Hotels International in the first quarter valued at approximately $6,248,000. Finally, SG Americas Securities LLC lifted its stake in shares of Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after buying an additional 6,384 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

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.