Choice Hotels International, Inc. (NYSE:CHH) Receives Average Recommendation of “Reduce” from Analysts

Choice Hotels International, Inc. (NYSE:CHH) has been assigned an average recommendation of “Reduce” from the ten analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $130.00.

CHH has been the subject of a number of recent analyst reports. Truist Financial dropped their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted their target price on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. UBS Group cut their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Robert W. Baird raised their target price on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th.

Choice Hotels International Stock Down 0.2 %

NYSE CHH opened at $145.73 on Wednesday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.31 and a beta of 1.24. The stock’s 50 day moving average is $135.37 and its two-hundred day moving average is $125.99. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the previous year, the firm earned $1.82 EPS. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts forecast that Choice Hotels International will post 6.83 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling

In related news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick Pacious sold 26,816 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total value of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. This trade represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,437 shares of company stock valued at $9,788,980 over the last ninety days. Insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds have recently bought and sold shares of CHH. Allspring Global Investments Holdings LLC increased its holdings in shares of Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Choice Hotels International by 6.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock worth $545,000 after purchasing an additional 246 shares during the period. SG Americas Securities LLC bought a new position in Choice Hotels International during the 1st quarter worth about $500,000. Illinois Municipal Retirement Fund raised its stake in shares of Choice Hotels International by 73.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,848 shares of the company’s stock valued at $992,000 after purchasing an additional 3,314 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Choice Hotels International in the 1st quarter valued at about $515,000. 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.