Choice Hotels International (NYSE:CHH) Price Target Raised to $114.00

Choice Hotels International (NYSE:CHH) had its price target increased by Deutsche Bank Aktiengesellschaft from $113.00 to $114.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also recently issued reports on CHH. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Robert W. Baird set a $138.00 target price on shares of Choice Hotels International in a report on Thursday, October 17th. Barclays decreased 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. UBS Group dropped their price target on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $128.70.

Choice Hotels International Trading Up 0.6 %

NYSE CHH opened at $144.91 on Tuesday. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $149.75. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock’s fifty day moving average price is $132.45 and its 200-day moving average price is $124.63. The stock has a market cap of $6.84 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.15 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Choice Hotels International’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. As a group, equities analysts forecast that Choice Hotels International will post 6.78 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

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

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Dominic Dragisich sold 9,138 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the sale, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,245 shares of company stock worth $8,746,500. 24.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Choice Hotels International by 307.4% in 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 period. Covestor Ltd increased its position in shares of Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Tortoise Investment Management LLC raised 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 period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Choice Hotels International by 1,146.9% in 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 during the last quarter. Institutional investors own 65.57% of the company’s stock.

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.