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

Choice Hotels International, Inc. (NYSE:CHH) has been given an average rating of “Reduce” by the eleven ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $133.27.

A number of research analysts recently commented on CHH shares. Barclays upped their target price on Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. Wells Fargo & Company started coverage on shares of Choice Hotels International in a research report on Thursday, December 5th. They issued an “underweight” rating and a $133.00 price target for the company. Truist Financial lifted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Robert W. Baird raised their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th.

Choice Hotels International Price Performance

NYSE CHH opened at $145.87 on Monday. The company’s fifty day moving average is $144.63 and its two-hundred day moving average is $135.40. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $153.81. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.22 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share. As a group, sell-side analysts expect that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International’s dividend payout ratio is presently 22.03%.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,656,336.70. The trade was a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Choice Hotels International

Several large investors have recently made changes to their positions in the stock. Boston Trust Walden Corp grew its stake in shares of Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after acquiring an additional 9,490 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Choice Hotels International by 38.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Raymond James & Associates grew its stake in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Choice Hotels International in the 3rd quarter valued at approximately $19,545,000. Finally, Stifel Financial Corp lifted its stake in Choice Hotels International by 31.4% in the third quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after acquiring an additional 34,396 shares during 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.