Choice Hotels International, Inc. (NYSE:CHH) Given Average Rating of “Reduce” by Analysts

Choice Hotels International, Inc. (NYSE:CHH) has been assigned a consensus rating of “Reduce” from the ten analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $130.00.

Several brokerages have recently issued reports on CHH. Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Wednesday, November 6th. Barclays increased their target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. Robert W. Baird boosted their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley increased their price objective on Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Truist Financial dropped their target price on 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.

Insider Buying and Selling at Choice Hotels International

In other news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value 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 $5,940,623.52. The trade was a 14.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick Pacious sold 7,192 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,656,336.70. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,437 shares of company stock worth $9,788,980. Insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

A number of institutional investors and hedge funds have recently modified their holdings of CHH. Allspring Global Investments Holdings LLC increased its holdings in Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. lifted its stake in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Covestor Ltd grew its holdings in Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Tortoise Investment Management LLC increased its position in Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after buying an additional 367 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock opened at $146.23 on Wednesday. The firm has a 50 day simple moving average of $134.40 and a 200 day simple moving average of $125.63. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75. 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 cap of $6.86 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.31 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Sell-side analysts predict that Choice Hotels International will post 6.83 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

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.