Choice Hotels International Inc (NYSE:CHH) Given Consensus Recommendation of “Hold” by Analysts

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Choice Hotels International Inc (NYSE:CHH) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $82.56.

CHH has been the subject of several research analyst reports. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Bank of America reaffirmed an “underperform” rating and set a $86.00 target price on shares of PTC in a research report on Wednesday, June 12th. Finally, Barclays reaffirmed a “sell” rating on shares of RenaissanceRe in a research report on Tuesday, July 2nd.

NYSE:CHH traded up $0.22 during trading hours on Friday, hitting $88.84. 290,641 shares of the company traded hands, compared to its average volume of 290,241. The business’s 50-day simple moving average is $85.52. Choice Hotels International has a one year low of $66.71 and a one year high of $89.46. The firm has a market cap of $4.94 billion, a P/E ratio of 22.84, a PEG ratio of 2.14 and a beta of 1.02.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. Choice Hotels International had a negative return on equity of 124.30% and a net margin of 21.08%. The business had revenue of $218.30 million for the quarter, compared to analysts’ expectations of $221.84 million. During the same period last year, the business earned $0.67 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Research analysts predict that Choice Hotels International will post 4.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s dividend payout ratio is presently 22.11%.

In related news, SVP Simone Wu sold 24,773 shares of Choice Hotels International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $83.67, for a total value of $2,072,756.91. Following the completion of the sale, the senior vice president now owns 53,255 shares of the company’s stock, valued at approximately $4,455,845.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Bonds sold 5,102 shares of Choice Hotels International stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $82.01, for a total value of $418,415.02. Following the completion of the sale, the insider now directly owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,625 shares of company stock valued at $3,227,134. Insiders own 24.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CHH. Nisa Investment Advisors LLC grew its stake in Choice Hotels International by 48.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,700 shares of the company’s stock worth $583,000 after purchasing an additional 2,200 shares during the period. Sepio Capital LLC grew its stake in Choice Hotels International by 12.4% in the first quarter. Sepio Capital LLC now owns 6,865 shares of the company’s stock worth $534,000 after purchasing an additional 758 shares during the period. Summit Global Investments grew its stake in Choice Hotels International by 0.7% in the first quarter. Summit Global Investments now owns 76,805 shares of the company’s stock worth $5,971,000 after purchasing an additional 555 shares during the period. Fort L.P. grew its stake in Choice Hotels International by 32.6% in the first quarter. Fort L.P. now owns 28,334 shares of the company’s stock worth $2,203,000 after purchasing an additional 6,966 shares during the period. Finally, Citigroup Inc. grew its stake in Choice Hotels International by 592.5% in the first quarter. Citigroup Inc. now owns 46,040 shares of the company’s stock worth $3,579,000 after purchasing an additional 39,392 shares during the period. 60.22% 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 worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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