Analysts’ Recent Ratings Updates for Choice Hotels International (CHH)

Posted by Scott Moore on Nov 27th, 2024

Choice Hotels International (NYSE: CHH) recently received a number of ratings updates from brokerages and research firms:

11/13/2024 – Choice Hotels International had its price target raised by analysts at Morgan Stanley from $134.00 to $141.00. They now have an “equal weight” rating on the stock.
11/7/2024 – Choice Hotels International had its price target raised by analysts at Susquehanna from $125.00 to $130.00. They now have a “neutral” rating on the stock.
11/6/2024 – Choice Hotels International had its price target raised by analysts at Robert W. Baird from $138.00 to $145.00. They now have an “outperform” rating on the stock.
11/6/2024 – Choice Hotels International was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $150.00 price target on the stock.
11/5/2024 – Choice Hotels International had its price target raised by analysts at Barclays PLC from $112.00 to $123.00. They now have an “underweight” rating on the stock.
11/5/2024 – Choice Hotels International had its price target raised by analysts at The Goldman Sachs Group, Inc. from $105.00 to $118.00. They now have a “sell” rating on the stock.
11/5/2024 – Choice Hotels International had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $113.00 to $114.00. They now have a “hold” rating on the stock.
10/17/2024 – Choice Hotels International was given a new $138.00 price target on by analysts at Robert W. Baird.
10/3/2024 – Choice Hotels International was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $0.57 during trading hours on Wednesday, hitting $152.37. 3,375 shares of the stock traded hands, compared to its average volume of 470,998. The firm’s 50 day moving average price is $137.47 and its 200-day moving average price is $126.86. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.41 and a beta of 1.24. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $153.81.

Choice Hotels International (NYSE:CHH – Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping 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 company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the prior year, the company earned $1.82 EPS. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that Choice Hotels International, Inc. will post 6.83 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the 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 transaction, the executive vice president now owns 68,509 shares in the company, valued at approximately $9,240,493.92. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the business’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 value of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,437 shares of company stock worth $9,788,980. 24.02% of the stock is owned by corporate insiders.

Institutional Trading of Choice Hotels International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Eagle Bay Advisors LLC increased its position in shares of Choice Hotels International by 12.9% during the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock worth $110,000 after purchasing an additional 96 shares in the last quarter. AGF Management Ltd. raised its position in shares of Choice Hotels International by 0.5% in the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after buying an additional 101 shares during the last quarter. Huntington National Bank lifted its stake in shares of Choice Hotels International by 4.7% in the third quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after buying an additional 101 shares in the last quarter. Aurora Investment Managers LLC. boosted its position in Choice Hotels International by 0.9% during the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock worth $1,624,000 after acquiring an additional 113 shares during the last quarter. Finally, MJP Associates Inc. ADV grew its stake in Choice Hotels International by 7.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock valued at $219,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.