2,274 Shares in Choice Hotels International, Inc. (NYSE:CHH) Bought by Heritage Wealth Management LLC

Heritage Wealth Management LLC purchased a new position in Choice Hotels International, Inc. (NYSE:CHH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,274 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its position in Choice Hotels International by 7.0% in the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock worth $389,298,000 after acquiring an additional 207,019 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Choice Hotels International by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after purchasing an additional 91,351 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Choice Hotels International by 47.6% in the third quarter. Envestnet Asset Management Inc. now owns 221,477 shares of the company’s stock worth $27,133,000 after purchasing an additional 71,398 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new stake in Choice Hotels International in the third quarter worth about $4,848,000. Finally, Tudor Investment Corp Et Al lifted its stake in Choice Hotels International by 34.5% in the third quarter. Tudor Investment Corp Et Al now owns 126,409 shares of the company’s stock worth $15,486,000 after purchasing an additional 32,456 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CHH. Truist Financial lifted their price target on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $96.00 to $156.00 in a report on Monday, March 11th. Robert W. Baird dropped their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Barclays decreased their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $130.80.

Choice Hotels International Price Performance

NYSE CHH traded up $0.81 during trading hours on Friday, hitting $120.82. 187,434 shares of the company’s stock traded hands, compared to its average volume of 567,686. The firm’s 50-day moving average is $121.11 and its 200-day moving average is $117.12. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $136.02. 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 $6.00 billion, a PE ratio of 23.72, a PEG ratio of 1.93 and a beta of 1.21.

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

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. Choice Hotels International’s dividend payout ratio (DPR) is 22.73%.

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.