Choice Hotels (NYSE:CHH) has been given an average recommendation of “Hold” by the eleven analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $75.29.
Several equities research analysts have recently issued reports on CHH shares. SunTrust Banks raised their price objective on shares of Choice Hotels to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Morgan Stanley restated an “equal weight” rating and issued a $81.00 price objective (down previously from $83.00) on shares of Choice Hotels in a research note on Wednesday, February 21st. Zacks Investment Research downgraded shares of Choice Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Wells Fargo restated a “market perform” rating and issued a $88.00 price objective (up previously from $86.00) on shares of Choice Hotels in a research note on Wednesday, February 21st. Finally, UBS upgraded shares of Choice Hotels from a “sell” rating to a “neutral” rating in a research note on Monday, February 26th.
In other Choice Hotels news, Director William L. Jews sold 3,250 shares of Choice Hotels stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $78.26, for a total transaction of $254,345.00. Following the sale, the director now owns 37,799 shares in the company, valued at $2,958,149.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Simone Wu sold 10,203 shares of Choice Hotels stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $78.88, for a total transaction of $804,812.64. Following the sale, the senior vice president now owns 30,298 shares in the company, valued at approximately $2,389,906.24. The disclosure for this sale can be found here. Insiders have sold 61,995 shares of company stock worth $4,992,967 in the last quarter. Corporate insiders own 22.01% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CHH. Goldman Sachs Group Inc. boosted its stake in Choice Hotels by 329.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 575,544 shares of the company’s stock worth $44,662,000 after buying an additional 441,418 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Choice Hotels by 41.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,187,600 shares of the company’s stock worth $92,158,000 after buying an additional 348,800 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Choice Hotels by 1,646.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 172,900 shares of the company’s stock worth $11,048,000 after buying an additional 163,000 shares in the last quarter. Citadel Advisors LLC boosted its stake in Choice Hotels by 23.3% during the third quarter. Citadel Advisors LLC now owns 410,736 shares of the company’s stock worth $26,246,000 after buying an additional 77,569 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Choice Hotels by 36.6% during the third quarter. New York State Common Retirement Fund now owns 266,180 shares of the company’s stock worth $17,009,000 after buying an additional 71,380 shares in the last quarter. Hedge funds and other institutional investors own 51.50% of the company’s stock.
Shares of CHH stock traded down $0.90 during trading on Friday, hitting $80.65. 40,547 shares of the stock traded hands, compared to its average volume of 242,342. The firm has a market capitalization of $4,758.75, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of -3.42, a quick ratio of 1.37 and a current ratio of 1.37. Choice Hotels has a twelve month low of $59.60 and a twelve month high of $85.35.
Choice Hotels (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $237.57 million for the quarter, compared to the consensus estimate of $227.65 million. Choice Hotels had a net margin of 11.40% and a negative return on equity of 68.40%. Choice Hotels’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. analysts anticipate that Choice Hotels will post 3.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.215 per share. The ex-dividend date is Thursday, March 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.07%. Choice Hotels’s dividend payout ratio is currently 42.36%.
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About Choice Hotels
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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