Choice Hotels International (NYSE:CHH) Rating Lowered to Sell at StockNews.com

Choice Hotels International (NYSE:CHH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other research analysts have also recently issued reports about the company. Susquehanna initiated coverage on Choice Hotels International in a research note on Friday, June 21st. They issued a “neutral” rating and a $125.00 price target for the company. UBS Group dropped their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Truist Financial reduced their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research note on Friday, July 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Choice Hotels International in a research report on Wednesday. They set a “sell” rating and a $105.00 target price on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $127.25.

Choice Hotels International Stock Performance

Choice Hotels International stock opened at $129.98 on Thursday. The stock has a market cap of $6.26 billion, a PE ratio of 27.89, a P/E/G ratio of 2.01 and a beta of 1.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $134.44. The business’s 50-day moving average price is $125.50 and its two-hundred day moving average price is $121.57.

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

Insider Transactions at Choice Hotels International

In related news, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction 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 approximately $48,709,646.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International 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 completion of the sale, the insider now owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. Insiders sold a total of 36,401 shares of company stock worth $4,497,556 over the last three months. 24.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Choice Hotels International by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock valued at $30,130,000 after purchasing an additional 6,658 shares during the period. Principal Securities Inc. acquired a new position in Choice Hotels International during the 4th quarter worth approximately $48,000. Teacher Retirement System of Texas raised its stake in 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 buying an additional 2,210 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock worth $70,396,000 after acquiring an additional 62,174 shares in the last quarter. Finally, Boulder Hill Capital Management LP acquired a new stake in Choice Hotels International in the fourth quarter valued at approximately $2,504,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.