JPMorgan Chase & Co. Issues Positive Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its price objective upped by JPMorgan Chase & Co. from $122.00 to $135.00 in a research note released on Friday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities analysts have also recently weighed in on CHH. Morgan Stanley raised their price target on Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Truist Financial boosted their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, December 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. The Goldman Sachs Group boosted their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.18.

Choice Hotels International Price Performance

CHH stock opened at $146.45 on Friday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. The company’s fifty day moving average price is $142.50 and its 200-day moving average price is $130.00. Choice Hotels International has a one year low of $108.91 and a one year high of $153.81. The company has a market capitalization of $6.87 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate 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 was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. On average, equities analysts anticipate that Choice Hotels International will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at $9,240,493.92. This trade represents a 11.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company’s stock, valued at $2,441,340. This represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,412 shares of company stock worth $8,582,271. 24.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

Several large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after acquiring an additional 1,788,563 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Choice Hotels International by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock valued at $80,340,000 after purchasing an additional 26,289 shares during the last quarter. Raymond James & Associates raised its holdings in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after purchasing an additional 113,951 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Choice Hotels International by 51.5% during the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after buying an additional 90,765 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after buying an additional 145,893 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.

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.