Choice Hotels International (NYSE:CHH) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Choice Hotels International (NYSE:CHH) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued a sell rating and a $105.00 target price on the stock.

Other research analysts also recently issued reports about the stock. UBS Group lowered their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a neutral rating for the company in a report on Friday, August 9th. Susquehanna began coverage on shares of Choice Hotels International in a report on Friday, June 21st. They set a neutral rating and a $125.00 price target for the company. Truist Financial lowered their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a hold rating for the company in a report on Wednesday, September 4th. Robert W. Baird lowered their price target on shares of Choice Hotels International from $137.00 to $134.00 and set an outperform rating for the company in a report on Monday, August 12th. Finally, Barclays lowered their price target on shares of Choice Hotels International from $114.00 to $112.00 and set an underweight rating for the company in a report on Friday, August 9th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Choice Hotels International currently has an average rating of Hold and an average price target of $127.25.

Choice Hotels International Stock Down 0.5 %

NYSE CHH opened at $130.03 on Wednesday. The business has a fifty day moving average price of $125.58 and a two-hundred day moving average price of $121.76. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $134.44. The stock has a market capitalization of $6.26 billion, a PE ratio of 27.90, a PEG ratio of 2.01 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. During the same quarter in the previous year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts expect that Choice Hotels International will post 6.38 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the sale, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the sale, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the sale, the insider now directly owns 23,461 shares in the company, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,401 shares of company stock valued at $4,497,556. 24.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently made changes to their positions in CHH. Charles Schwab Investment Management Inc. boosted its position in shares of Choice Hotels International by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock worth $30,130,000 after purchasing an additional 6,658 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Choice Hotels International during the 4th quarter worth about $48,000. Teacher Retirement System of Texas boosted its position in shares of Choice Hotels International by 42.1% during the 4th quarter. Teacher Retirement System of Texas now owns 7,458 shares of the company’s stock worth $845,000 after purchasing an additional 2,210 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Choice Hotels International by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock worth $70,396,000 after purchasing an additional 62,174 shares in the last quarter. Finally, Boulder Hill Capital Management LP bought a new position in shares of Choice Hotels International during the 4th quarter worth about $2,504,000. Institutional investors own 65.57% of the company’s stock.

About Choice Hotels International

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.