Robert W. Baird Cuts Choice Hotels International (NYSE:CHH) Price Target to $137.00

Choice Hotels International (NYSE:CHH) had its price target trimmed by Robert W. Baird from $140.00 to $137.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Barclays reduced their price target on Choice Hotels International from $122.00 to $114.00 and set an underweight rating for the company in a report on Friday, April 19th. Truist Financial increased their price target on Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a report on Thursday, March 14th. Jefferies Financial Group raised Choice Hotels International from an underperform rating to a buy rating and increased their price target for the company from $96.00 to $156.00 in a report on Monday, March 11th. Finally, StockNews.com downgraded Choice Hotels International from a hold rating to a sell rating in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $130.80.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $119.05 on Wednesday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $136.02. The business has a 50-day moving average of $120.76 and a 200-day moving average of $117.25. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.93 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.09. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The company had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Choice Hotels International will post 6.46 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s payout ratio is 22.73%.

Institutional Trading of Choice Hotels International

A number of institutional investors and hedge funds have recently made changes to their positions in CHH. 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 worth $25,000 after purchasing an additional 117 shares during the period. Vima LLC acquired a new stake in shares of Choice Hotels International during the 4th quarter worth approximately $36,000. Wetzel Investment Advisors Inc. bought a new position in Choice Hotels International in the 4th quarter worth approximately $45,000. Principal Securities Inc. acquired a new stake in Choice Hotels International in the 4th quarter valued at approximately $48,000. Finally, Fifth Third Bancorp increased its position in Choice Hotels International by 42.2% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock valued at $69,000 after acquiring an additional 168 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

About Choice Hotels International

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.