Choice Hotels International, Inc. (NYSE:CHH) Given Average Rating of “Reduce” by Analysts

Choice Hotels International, Inc. (NYSE:CHH) has been assigned an average recommendation of “Reduce” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $130.00.

Several equities analysts have recently issued reports on CHH shares. Barclays lifted their price target on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Wednesday, November 6th. Truist Financial dropped their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Susquehanna raised their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Choice Hotels International Stock Down 0.2 %

Choice Hotels International stock opened at $145.73 on Wednesday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.31 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The company’s 50-day moving average price is $135.37 and its two-hundred day moving average price is $125.99. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $149.75.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the firm posted $1.82 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, analysts expect that Choice Hotels International will post 6.83 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

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

Insider Buying and Selling at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,437 shares of company stock valued at $9,788,980 in the last quarter. Company insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CHH. Allspring Global Investments Holdings LLC boosted its holdings in Choice Hotels International by 144.4% in the 1st 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 during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Choice Hotels International by 6.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock worth $545,000 after purchasing an additional 246 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Choice Hotels International during the 1st quarter worth approximately $500,000. Illinois Municipal Retirement Fund raised its stake in shares of Choice Hotels International by 73.1% in the first quarter. Illinois Municipal Retirement Fund now owns 7,848 shares of the company’s stock valued at $992,000 after purchasing an additional 3,314 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Choice Hotels International in the first quarter worth $515,000. Institutional investors and hedge funds 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.