Choice Hotels International, Inc. (NYSE:CHH) Receives $111.00 Average PT from Brokerages

Choice Hotels International, Inc. (NYSE:CHH) has been given a consensus rating of “Reduce” by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $111.00.

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on Choice Hotels International in a report on Monday, May 4th. Robert W. Baird set a $128.00 target price on Choice Hotels International in a research report on Monday, May 11th. Truist Financial dropped their price target on Choice Hotels International from $129.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Weiss Ratings restated a “hold (c)” rating on shares of Choice Hotels International in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upped their price target on Choice Hotels International from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st.

Insider Activity at Choice Hotels International

In related news, CFO Scott E. Oaksmith sold 2,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the sale, the chief financial officer owned 35,172 shares of the company’s stock, valued at approximately $3,868,920. The trade was a 5.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CHH. Bamco Inc. NY boosted its holdings in Choice Hotels International by 37.8% during the 4th quarter. Bamco Inc. NY now owns 7,386,575 shares of the company’s stock valued at $703,645,000 after acquiring an additional 2,026,679 shares during the period. Vanguard Group Inc. raised its holdings in Choice Hotels International by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,331,972 shares of the company’s stock worth $222,144,000 after purchasing an additional 27,032 shares in the last quarter. Wellington Management Group LLP lifted its position in Choice Hotels International by 55.1% in the fourth quarter. Wellington Management Group LLP now owns 574,630 shares of the company’s stock valued at $54,739,000 after acquiring an additional 204,146 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Choice Hotels International by 151.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 512,628 shares of the company’s stock valued at $48,833,000 after purchasing an additional 308,771 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Choice Hotels International by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 431,916 shares of the company’s stock valued at $41,151,000 after acquiring an additional 6,422 shares during the period. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $108.91 on Friday. The company has a market capitalization of $4.95 billion, a P/E ratio of 14.68, a P/E/G ratio of 4.31 and a beta of 0.67. The company has a debt-to-equity ratio of 14.58, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $110.66 and its two-hundred day simple moving average is $108.30. Choice Hotels International has a 1-year low of $84.04 and a 1-year high of $126.86.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, July 1st. Choice Hotels International’s dividend payout ratio is currently 15.50%.

About Choice Hotels International

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.