Choice Hotels International, Inc. (NYSE:CHH) Receives $140.67 Average Target Price from Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH) have been assigned an average rating of “Reduce” from the thirteen analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $140.62.

A number of research analysts recently issued reports on CHH shares. The Goldman Sachs Group lifted their target price on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Redburn Atlantic raised Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 target price for the company in a research report on Monday. 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. Jefferies Financial Group raised their target price on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird raised their target price on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th.

Insider Transactions at Choice Hotels International

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

Institutional Investors Weigh In On Choice Hotels International

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in shares of Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after purchasing an additional 4,219 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after acquiring an additional 3,446 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Choice Hotels International during the 3rd quarter valued at $19,545,000. Twelve Points Wealth Management LLC bought a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $879,000. Finally, OFI Invest Asset Management purchased a new position in shares of Choice Hotels International in the fourth quarter valued at $2,258,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock opened at $131.55 on Tuesday. Choice Hotels International has a 1-year low of $109.22 and a 1-year high of $157.86. The business has a 50-day moving average of $143.70 and a 200-day moving average of $140.63. The company has a market capitalization of $6.15 billion, a PE ratio of 21.12, a P/E/G ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm 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, equities analysts expect that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared 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 yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is currently 18.46%.

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.