Choice Hotels International, Inc. (NYSE:CHH) Given Average Recommendation of “Reduce” by Brokerages

Choice Hotels International, Inc. (NYSE:CHH) has earned an average rating of “Reduce” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $130.45.

CHH has been the subject of several recent research reports. Truist Financial boosted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday. Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research note on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the transaction, the executive vice president now owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 71,437 shares of company stock worth $9,788,980. 24.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently bought and sold shares of CHH. Kayne Anderson Rudnick Investment Management LLC lifted its position in Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after buying an additional 1,788,563 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Choice Hotels International during the third quarter worth about $19,545,000. Natixis Advisors LLC boosted its position in Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after purchasing an additional 145,893 shares during the last quarter. Raymond James & Associates grew its stake in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Choice Hotels International by 51.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after purchasing an additional 90,765 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Price Performance

CHH opened at $148.24 on Friday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $6.95 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company’s 50 day simple moving average is $141.04 and its 200-day simple moving average is $128.81. Choice Hotels International has a one year low of $108.91 and a one year high of $153.81.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. Sell-side analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 22.03%.

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.