Choice Hotels International (NYSE:CHH) Price Target Raised to $131.00

Choice Hotels International (NYSE:CHH) had its price target hoisted by Robert W. Baird from $128.00 to $131.00 in a research report released on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

CHH has been the subject of several other research reports. Mizuho assumed coverage on Choice Hotels International in a report on Thursday, August 27th. They issued a “neutral” rating and a $106.00 price objective for the company. Deutsche Bank reaffirmed a “hold” rating and issued a $124.00 target price on shares of Choice Hotels International in a report on Thursday, August 6th. Morgan Stanley upped their price objective on Choice Hotels International from $92.00 to $93.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. Susquehanna lifted their target price on Choice Hotels International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Wedbush set a $130.00 target price on Choice Hotels International in a report on Thursday, November 5th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $115.69.

Choice Hotels International Stock Down 0.2%

Choice Hotels International stock opened at $119.93 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 16.52. Choice Hotels International has a 1-year low of $84.04 and a 1-year high of $123.82. The company has a fifty day simple moving average of $106.15 and a 200 day simple moving average of $107.60. The company has a market cap of $5.34 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.65.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 2nd. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The firm had revenue of $458.33 million for the quarter, compared to analysts’ expectations of $447.56 million. Choice Hotels International had a net margin of 12.65% and a return on equity of 216.71%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 EPS. Research analysts anticipate that Choice Hotels International will post 6.82 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.15 annualized dividend and a yield of 1.0%. Choice Hotels International’s payout ratio is 25.56%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CFO Scott Oaksmith sold 2,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $120.35, for a total transaction of $240,700.00. Following the transaction, the chief financial officer owned 31,172 shares in the company, valued at $3,751,550.20. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dominic Dragisich sold 1,227 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $112.00, for a total value of $137,424.00. Following the transaction, the chief executive officer owned 90,055 shares in the company, valued at $10,086,160. The trade was a 1.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,284 shares of company stock valued at $919,122 in the last ninety days. 23.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently modified their holdings of the business. Chicago Partners Investment Group LLC boosted its holdings in Choice Hotels International by 4.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,156 shares of the company’s stock valued at $234,000 after purchasing an additional 92 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Choice Hotels International by 2.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 4,243 shares of the company’s stock valued at $439,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its stake in Choice Hotels International by 18.9% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $84,000 after acquiring an additional 121 shares during the period. Allworth Financial LP increased its stake in Choice Hotels International by 92.5% during the 3rd quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $31,000 after acquiring an additional 136 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Choice Hotels International by 10.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,661 shares of the company’s stock valued at $172,000 after acquiring an additional 161 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

About Choice Hotels International

Choice Hotels International, Inc. is a hospitality company that primarily franchises hotels under a portfolio of brands serving a range of travelers, from economy and extended-stay guests to upscale customers. Its brands include Comfort, Quality Inn, Sleep Inn, Clarion, Cambria Hotels, Ascend Hotel Collection, Radisson, Everhome Suites, MainStay Suites, Suburban Studios and WoodSpring Suites. The company traces its roots to 1939, when a group of U.S. motel owners formed Quality Courts United, an organization that later became Choice Hotels.