Choice Hotels International (NYSE:CHH) Given New $125.00 Price Target at UBS Group

Choice Hotels International (NYSE:CHH) had its price target lowered by UBS Group from $126.00 to $125.00 in a research note issued to investors on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages have also issued reports on CHH. Susquehanna assumed coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They issued a neutral rating and a $125.00 price target on the stock. JPMorgan Chase & Co. downgraded Choice Hotels International from a neutral rating to an underweight rating and set a $120.00 target price on the stock. in a research report on Friday, July 19th. Barclays reduced their price target on Choice Hotels International from $114.00 to $112.00 and set an underweight rating for the company in a research report on Friday. Truist Financial lowered their price target on Choice Hotels International from $146.00 to $144.00 and set a hold rating on the stock in a research report on Thursday, May 30th. Finally, Robert W. Baird dropped their price objective on Choice Hotels International from $140.00 to $137.00 and set an outperform rating on the stock in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $130.45.

Choice Hotels International Trading Down 0.0 %

NYSE:CHH traded down $0.02 on Friday, reaching $121.28. The company’s stock had a trading volume of 633,370 shares, compared to its average volume of 548,847. The firm has a market cap of $5.84 billion, a PE ratio of 26.03, a PEG ratio of 2.13 and a beta of 1.23. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50-day moving average price is $121.12 and its two-hundred day moving average price is $120.25. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $136.02.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.03). Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The company had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. During the same quarter last year, the company earned $1.75 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International will post 6.46 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Monday, July 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the transaction, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the sale, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The disclosure for this sale can be found here. Insiders sold 27,619 shares of company stock valued at $3,436,998 in the last three months. Corporate insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased 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 worth $25,000 after purchasing an additional 117 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Covestor Ltd increased its stake in shares of Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the period. Tortoise Investment Management LLC raised its holdings in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 141 shares during the last quarter. Finally, Vima LLC acquired a new stake in Choice Hotels International during the 4th quarter worth approximately $36,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.