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.
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.
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