Choice Hotels International (NYSE:CHH) Price Target Cut to $114.00 by Analysts at Barclays

Choice Hotels International (NYSE:CHH) had its price objective cut by Barclays from $122.00 to $114.00 in a report issued on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

A number of other brokerages also recently issued reports on CHH. Jefferies Financial Group upgraded Choice Hotels International from an underperform rating to a buy rating and boosted their price objective for the company from $96.00 to $156.00 in a research note on Monday, March 11th. Robert W. Baird reiterated an outperform rating and set a $138.00 price objective on shares of Choice Hotels International in a research note on Monday, January 22nd. Truist Financial boosted their price objective on Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a research note on Thursday, March 14th. Finally, StockNews.com downgraded Choice Hotels International from a hold rating to a sell rating in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $130.90.

Choice Hotels International Trading Down 0.6 %

Choice Hotels International stock opened at $116.34 on Friday. The business has a 50-day simple moving average of $120.80 and a two-hundred day simple moving average of $117.31. The company has a market cap of $5.78 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.00 and a beta of 1.21. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Analysts predict that Choice Hotels International will post 6.45 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.99%. Choice Hotels International’s payout ratio is 22.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHH. Vanguard Group Inc. raised its holdings in shares of Choice Hotels International by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,221,517 shares of the company’s stock worth $456,682,000 after acquiring an additional 9,932 shares in the last quarter. Morgan Stanley raised its holdings in shares of Choice Hotels International by 7.0% during the 3rd quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock worth $389,298,000 after acquiring an additional 207,019 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Choice Hotels International by 1.7% during the 1st quarter. BlackRock Inc. now owns 2,860,476 shares of the company’s stock worth $405,500,000 after acquiring an additional 46,819 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Choice Hotels International by 4.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after acquiring an additional 91,351 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Choice Hotels International by 51.6% during the 1st quarter. Invesco Ltd. now owns 1,740,428 shares of the company’s stock worth $246,722,000 after acquiring an additional 592,654 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors.

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.