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

Choice Hotels International, Inc. (NYSE:CHH) has been assigned an average recommendation of “Reduce” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $126.00.

CHH has been the subject of a number of analyst reports. Susquehanna started coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 target price for the company. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research report on Friday, July 19th. Robert W. Baird set a $138.00 price target on shares of Choice Hotels International in a report on Thursday. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Barclays lowered their target price on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th.

Choice Hotels International Stock Up 0.4 %

Choice Hotels International stock opened at $134.75 on Friday. The stock has a 50-day simple moving average of $127.71 and a 200-day simple moving average of $122.61. The company has a market capitalization of $6.49 billion, a P/E ratio of 28.92, a PEG ratio of 2.20 and a beta of 1.25. 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 fifty-two week low of $108.91 and a fifty-two week high of $136.28.

Choice Hotels International (NYSE:CHH) last announced its 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). The business had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. Choice Hotels International’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Equities research analysts expect that Choice Hotels International will post 6.38 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is 24.68%.

Insider Transactions at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick Cimerola sold 1,714 shares of the company’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 sale, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,429 shares of company stock worth $4,866,493 in the last ninety days. Insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CHH. State of Michigan Retirement System grew its stake in Choice Hotels International by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 6,032 shares of the company’s stock valued at $762,000 after purchasing an additional 100 shares in the last quarter. AGF Management Ltd. raised its holdings in Choice Hotels International by 0.5% in the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after acquiring an additional 101 shares in the last quarter. Aurora Investment Managers LLC. boosted its stake in Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after acquiring an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Finally, MJP Associates Inc. ADV increased its position in shares of Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock worth $219,000 after purchasing an additional 127 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.