Choice Hotels International, Inc. (NYSE:CHH) Receives $126.00 Average Price Target from Analysts

Shares of Choice Hotels International, Inc. (NYSE:CHH) have been assigned an average recommendation of “Reduce” from the ten analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $125.50.

Several brokerages have recently issued reports on CHH. Robert W. Baird set a $138.00 price objective on shares of Choice Hotels International in a research note on Thursday, October 17th. 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 initiated coverage on shares of Choice Hotels International in a research report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price objective for the company. Barclays reduced their target price on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research note on Friday, July 19th.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $131.93 on Friday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 2.20 and a beta of 1.25. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $136.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The business has a fifty day simple moving average of $128.39 and a 200 day simple moving average of $122.86.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Choice Hotels International will post 6.38 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. Investors of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.87%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is 24.68%.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 9,138 shares of Choice Hotels International stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the transaction, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Dominic Dragisich sold 9,138 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the transaction, the executive vice president now owns 68,509 shares in the company, valued at $9,240,493.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 over the last three months. Company insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Several hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Choice Hotels International during the third quarter worth about $42,280,000. Eagle Bay Advisors LLC raised its holdings in Choice Hotels International by 12.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after acquiring an additional 96 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Choice Hotels International by 38.5% in the 3rd quarter. OLD National Bancorp IN now owns 3,821 shares of the company’s stock valued at $498,000 after buying an additional 1,062 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Choice Hotels International by 45.4% during the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after acquiring an additional 113,951 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Choice Hotels International by 81.4% during the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.

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.