Choice Hotels International, Inc. (NYSE:CHH) PT Raised to $67.00

Choice Hotels International, Inc. (NYSE:CHH) had its target price increased by Barclays PLC from $60.00 to $67.00 in a research report sent to investors on Tuesday, November 7th. They currently have an underweight rating on the stock.

A number of other research firms have also recently commented on CHH. TheStreet upgraded Choice Hotels International from a c+ rating to a b rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded Choice Hotels International from a hold rating to a buy rating and set a $76.00 price objective on the stock in a research note on Tuesday, October 17th. BidaskClub lowered Choice Hotels International from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG dropped their target price on Choice Hotels International from $68.00 to $66.00 and set a hold rating on the stock in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $65.00.

Choice Hotels International (CHH) opened at $75.90 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International has a fifty-two week low of $49.95 and a fifty-two week high of $76.41. The stock has a market capitalization of $4,295.47, a PE ratio of 27.01, a PEG ratio of 3.12 and a beta of 1.13.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million during the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. Choice Hotels International’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. sell-side analysts expect that Choice Hotels International will post 2.89 earnings per share for the current year.

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In related news, insider David A. Pepper sold 10,217 shares of Choice Hotels International stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.07, for a total transaction of $623,952.19. Following the transaction, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bruce Bainum sold 250,000 shares of Choice Hotels International stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total transaction of $18,512,500.00. The disclosure for this sale can be found here. Insiders sold a total of 290,320 shares of company stock valued at $21,002,787 over the last ninety days. 22.01% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Choice Hotels International by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after buying an additional 197,890 shares in the last quarter. BlackRock Inc. lifted its holdings in Choice Hotels International by 2,026.0% in the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Choice Hotels International by 16.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock worth $73,386,000 after buying an additional 162,255 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Choice Hotels International by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 946,179 shares of the company’s stock worth $60,461,000 after buying an additional 20,667 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C lifted its holdings in Choice Hotels International by 4.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 888,607 shares of the company’s stock worth $57,093,000 after buying an additional 35,925 shares in the last quarter. Hedge funds and other institutional investors own 50.45% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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