Choice Hotels International (NYSE:CHH) Price Target Raised to $118.00

Choice Hotels International (NYSE:CHH) had its price objective raised by The Goldman Sachs Group from $105.00 to $118.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a report on Friday, July 19th. Barclays lifted their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial dropped their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $128.70.

Choice Hotels International Price Performance

Shares of CHH stock traded up $1.13 on Tuesday, reaching $145.11. The company’s stock had a trading volume of 67,311 shares, compared to its average volume of 479,881. The stock’s fifty day simple moving average is $132.10 and its 200-day simple moving average is $124.43. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $149.75. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the business posted $1.82 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Analysts forecast that Choice Hotels International will post 6.78 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Insider Transactions at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,429 shares of company stock valued at $4,866,493. Corporate insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

A number of hedge funds and other institutional investors have recently made changes to their positions in CHH. Kayne Anderson Rudnick Investment Management LLC boosted its position in Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after buying an additional 195,956 shares during the period. Natixis Advisors LLC lifted its position in shares of Choice Hotels International by 917.2% during the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after buying an additional 145,893 shares in the last quarter. Raymond James & Associates raised its position in Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after acquiring an additional 113,951 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Choice Hotels International by 51.5% during the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after purchasing an additional 90,765 shares in the last quarter. Institutional investors and hedge funds 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.