Barclays Lowers Choice Hotels International (NYSE:CHH) Price Target to $112.00

Choice Hotels International (NYSE:CHH) had its price objective reduced by investment analysts at Barclays from $114.00 to $112.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 7.35% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Truist Financial dropped their target price on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Robert W. Baird reduced their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Susquehanna assumed coverage on shares of Choice Hotels International in a research report on Friday, June 21st. They issued a “neutral” rating and a $125.00 target price for the company. Finally, JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $131.00.

Choice Hotels International Stock Down 0.3 %

Shares of NYSE:CHH traded down $0.41 during mid-day trading on Friday, hitting $120.89. 74,916 shares of the company traded hands, compared to its average volume of 545,197. The firm has a market cap of $5.82 billion, a P/E ratio of 25.56, a PEG ratio of 2.13 and a beta of 1.23. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The firm’s 50 day simple moving average is $120.96 and its 200 day simple moving average is $120.19. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.03). Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The firm had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Choice Hotels International will post 6.46 EPS for the current year.

Insider Buying and Selling at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 1,243 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the sale, the insider now directly owns 38,502 shares in the company, valued at approximately $4,527,065.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robert J. Mcdowell sold 1,243 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the transaction, the insider now owns 38,502 shares in the company, valued at $4,527,065.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the sale, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The disclosure for this sale can be found here. Insiders sold a total of 27,619 shares of company stock worth $3,436,998 over the last ninety days. Company insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHH. Vanguard Group Inc. increased its stake in Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after buying an additional 195,956 shares during the period. Boston Trust Walden Corp increased its stake in shares of Choice Hotels International by 0.9% during the second quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after acquiring an additional 8,033 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of Choice Hotels International by 144.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock valued at $106,402,000 after acquiring an additional 554,479 shares during the period. Dimensional Fund Advisors LP lifted its position in Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock worth $70,396,000 after purchasing an additional 62,174 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after purchasing an additional 90,765 shares during the period. 65.57% of the stock is owned by institutional investors.

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.