Choice Hotels International (NYSE:CHH) Price Target Raised to $118.00

Choice Hotels International (NYSE:CHH) had its price target upped by The Goldman Sachs Group from $105.00 to $118.00 in a research note published on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

Other research analysts have also issued reports about the company. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Robert W. Baird set a $138.00 target price on Choice Hotels International in a report on Thursday, October 17th. Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $128.70.

Choice Hotels International Trading Up 0.8 %

Choice Hotels International stock traded up $1.13 during midday trading on Tuesday, hitting $145.11. 67,311 shares of the stock were exchanged, compared to its average volume of 479,881. The stock’s 50-day simple moving average is $132.10 and its 200 day simple moving average is $124.43. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.15 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. On average, equities analysts anticipate that Choice Hotels International will post 6.78 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International’s payout ratio is currently 22.03%.

Insiders Place Their Bets

In other news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares of the company’s stock, valued at $2,441,340. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,429 shares of company stock worth $4,866,493. Company insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

A number of large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Blue Trust Inc. raised its position in shares of Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Covestor Ltd lifted its stake in Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after buying an additional 367 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

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.