Choice Hotels International (NYSE:CHH) Price Target Cut to $134.00

Choice Hotels International (NYSE:CHH) had its price target lowered by Robert W. Baird from $137.00 to $134.00 in a report released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

CHH has been the subject of several other reports. Susquehanna began coverage on Choice Hotels International in a research note on Friday, June 21st. They set a neutral rating and a $125.00 price objective for the company. UBS Group dropped their price objective on Choice Hotels International from $126.00 to $125.00 and set a neutral rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered Choice Hotels International from a neutral rating to an underweight rating and set a $120.00 price objective for the company. in a research note on Friday, July 19th. Truist Financial lowered their target price on Choice Hotels International from $146.00 to $144.00 and set a hold rating for the company in a research note on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Choice Hotels International from $128.00 to $112.00 and set a hold rating for the company in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International has an average rating of Hold and an average price target of $130.18.

Choice Hotels International Stock Up 3.6 %

CHH opened at $123.56 on Monday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $134.82. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.13 and a beta of 1.23. The business has a 50 day moving average of $121.71 and a 200-day moving average of $120.24.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.75 earnings per share. As a group, sell-side analysts anticipate that Choice Hotels International will post 6.46 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total value of $146,151.94. Following the completion of the sale, the insider now directly owns 38,502 shares in the company, valued at $4,527,065.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total value of $146,151.94. Following the completion of the sale, the insider now directly owns 38,502 shares in the company, valued at $4,527,065.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International stock in a transaction dated 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 completion of 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 a total of 27,619 shares of company stock worth $3,436,998 over the last three months. 24.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. boosted its holdings in 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 buying an additional 166 shares during the last quarter. Covestor Ltd boosted its holdings in Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares during the last quarter. Finally, Vima LLC bought a new position in shares of Choice Hotels International during the 4th quarter valued at about $36,000. Institutional investors own 65.57% of the company’s stock.

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.