Choice Hotels International (NYSE:CHH) Price Target Raised to $144.00

Choice Hotels International (NYSE:CHH) had its price objective hoisted by Truist Financial from $136.00 to $144.00 in a research report report published on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on CHH. StockNews.com lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company cut their price objective on shares of Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a report on Tuesday, March 4th. Bank of America boosted their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays boosted their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International has an average rating of “Hold” and an average target price of $141.33.

Choice Hotels International Trading Down 0.3 %

NYSE:CHH opened at $129.65 on Friday. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.90 and a beta of 1.25. The firm’s fifty day simple moving average is $143.92 and its 200 day simple moving average is $140.58. Choice Hotels International has a twelve month low of $109.22 and a twelve month high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. On average, analysts predict that Choice Hotels International will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is presently 18.46%.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its position in Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after purchasing an additional 86 shares during the last quarter. Anchor Investment Management LLC bought a new position in Choice Hotels International in the 3rd quarter worth about $55,000. Tortoise Investment Management LLC grew its position in Choice Hotels International by 55.8% in the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after purchasing an additional 154 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Choice Hotels International in the 4th quarter worth about $62,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Choice Hotels International by 836.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after purchasing an additional 393 shares during the last quarter. 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.