StockNews.com Upgrades Choice Hotels International (NYSE:CHH) to “Hold”

StockNews.com upgraded shares of Choice Hotels International (NYSE:CHH) from a sell rating to a hold rating in a report issued on Thursday.

A number of other brokerages have also commented on CHH. Robert W. Baird dropped their price target on Choice Hotels International from $137.00 to $134.00 and set an outperform rating for the company in a research note on Monday, August 12th. Susquehanna assumed coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a neutral rating and a $125.00 target price on the stock. Truist Financial decreased 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 research note on Wednesday. UBS Group cut their price objective on Choice Hotels International from $126.00 to $125.00 and set a neutral rating on the stock in a research report on Friday, August 9th. Finally, Barclays decreased their target price on Choice Hotels International from $114.00 to $112.00 and set an underweight rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $129.27.

Choice Hotels International Price Performance

CHH stock opened at $122.91 on Thursday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.12 and a beta of 1.25. The firm’s 50-day moving average price is $124.47 and its two-hundred day moving average price is $120.86. The company has a current ratio of 0.99, a quick 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.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results 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). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million for the quarter, compared to analysts’ expectations of $438.29 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Choice Hotels International will post 6.38 earnings per share for the current year.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 23,461 shares in the company, valued at approximately $2,934,501.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction on Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The disclosure for this sale can be found here. 24.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. lifted its position in Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Covestor Ltd boosted its holdings in Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Tortoise Investment Management LLC grew its position in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after purchasing an additional 141 shares during the period. Finally, Vima LLC purchased a new stake in Choice Hotels International during the 4th quarter valued at $36,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

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.