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

Choice Hotels International, Inc. (NYSE:CHH) has been assigned a consensus rating of “Reduce” from the ten research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $130.00.

Several research firms have recently issued reports on CHH. Robert W. Baird boosted their target price on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Susquehanna boosted their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial dropped 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. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Barclays raised their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 approximately $5,940,623.52. This represents a 14.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,437 shares of company stock worth $9,788,980. Insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

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

Choice Hotels International Stock Performance

Choice Hotels International stock opened at $146.23 on Wednesday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $6.86 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.31 and a beta of 1.24. The firm’s 50 day simple moving average is $134.40 and its 200 day simple moving average is $125.63.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, analysts expect that Choice Hotels International will post 6.83 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

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

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.