Choice Hotels International (NYSE:CHH) Price Target Raised to $141.00

Choice Hotels International (NYSE:CHH) had its price objective raised by Morgan Stanley from $134.00 to $141.00 in a report published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms also recently issued reports on CHH. Susquehanna boosted their price target on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group decreased their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Truist Financial lowered their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. The Goldman Sachs Group boosted their price objective on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird raised their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $130.00.

Choice Hotels International Price Performance

Shares of CHH opened at $146.29 on Wednesday. The company’s 50-day moving average is $134.40 and its 200-day moving average is $125.54. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $6.86 billion, a PE ratio of 28.02, a PEG ratio of 2.29 and a beta of 1.24. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 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 for the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the prior year, the business earned $1.82 EPS. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts forecast that Choice Hotels International will post 6.83 EPS for the current 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the business’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 owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,437 shares of company stock worth $9,788,980 over the last three months. Corporate insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHH. State Board of Administration of Florida Retirement System raised its holdings in Choice Hotels International by 17.8% in the 1st 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 last quarter. Twin Tree Management LP acquired a new position in Choice Hotels International in the 1st quarter valued at approximately $6,248,000. SG Americas Securities LLC raised its stake in shares of Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after acquiring an additional 6,384 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 195,956 shares during the period. Finally, &PARTNERS bought a new stake in shares of Choice Hotels International in the second quarter worth $366,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.