Choice Hotels International, Inc. (NYSE:CHH) Receives $136.33 Consensus PT from Analysts

Shares of Choice Hotels International, Inc. (NYSE:CHH) have received an average rating of “Reduce” from the twelve analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $139.92.

Several research firms have recently issued reports on CHH. Wells Fargo & Company upped their price objective on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Susquehanna upped their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Morgan Stanley reissued an “underweight” rating and issued a $129.00 target price (down from $145.00) on shares of Choice Hotels International in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group lifted their price target on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th.

Choice Hotels International Trading Down 2.3 %

NYSE CHH opened at $143.07 on Friday. The firm’s fifty day simple moving average is $145.42 and its two-hundred day simple moving average is $139.05. The firm has a market capitalization of $6.69 billion, a P/E ratio of 22.96, a P/E/G 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.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. As a group, sell-side analysts predict that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s payout ratio is 18.46%.

Insider Buying and Selling

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 24.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

Several large investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its position in Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after buying an additional 86 shares during the period. Blue Trust Inc. boosted its stake in shares of Choice Hotels International by 81.4% during the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 179 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Choice Hotels International during the 3rd quarter valued at about $55,000. Tortoise Investment Management LLC increased its stake in shares of Choice Hotels International by 55.8% in the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after purchasing an additional 154 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Choice Hotels International in the 4th quarter worth about $62,000. 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.