Choice Hotels International, Inc. (NYSE:CHH) Stock Has Consensus Target Price of $115.46

Shares of Choice Hotels International, Inc. (NYSE:CHH) have been given a consensus recommendation of “Reduce” by the fifteen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $115.69.

CHH has been the subject of several analyst reports. UBS Group raised their price objective on shares of Choice Hotels International from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Freedom Broker boosted their target price on shares of Choice Hotels International from $117.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, November 5th. Weiss Ratings cut shares of Choice Hotels International from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, November 3rd. Truist Financial increased their target price on Choice Hotels International from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company increased their target price on Choice Hotels International from $97.00 to $98.00 and gave the stock an “underweight” rating in a research report on Monday, October 19th.

Choice Hotels International Stock Down 1.3%

Shares of NYSE CHH opened at $118.42 on Friday. The company has a debt-to-equity ratio of 16.52, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $5.27 billion, a PE ratio of 26.32, a P/E/G ratio of 2.85 and a beta of 0.65. Choice Hotels International has a one year low of $84.04 and a one year high of $123.82. The business’s fifty day moving average price is $106.51 and its 200-day moving average price is $107.66.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 2nd. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. Choice Hotels International had a return on equity of 216.71% and a net margin of 12.65%. The company had revenue of $458.33 million during the quarter, compared to analyst estimates of $447.56 million. During the same quarter last year, the firm posted $2.10 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Choice Hotels International will post 6.82 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, October 1st. Choice Hotels International’s payout ratio is presently 25.56%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $120.35, for a total value of $240,700.00. Following the completion of the transaction, the chief financial officer owned 31,172 shares in the company, valued at $3,751,550.20. This trade represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dominic Dragisich sold 1,227 shares of Choice Hotels International stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $112.00, for a total value of $137,424.00. Following the transaction, the chief executive officer directly owned 90,055 shares of the company’s stock, valued at $10,086,160. The trade was a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,284 shares of company stock worth $919,122. 23.87% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds and other institutional investors have recently modified their holdings of CHH. AlphaGrep UK Ltd boosted its position in shares of Choice Hotels International by 26.6% during the 3rd quarter. AlphaGrep UK Ltd now owns 4,148 shares of the company’s stock valued at $425,000 after acquiring an additional 871 shares during the last quarter. GW&K Investment Management LLC purchased a new position in shares of Choice Hotels International during the third quarter worth about $29,000. Landscape Capital Management L.L.C. purchased a new position in shares of Choice Hotels International during the third quarter worth about $866,000. Edgestream Partners L.P. purchased a new position in shares of Choice Hotels International during the third quarter worth about $8,941,000. Finally, Allworth Financial LP increased its position in shares of Choice Hotels International by 92.5% in the third quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

About Choice Hotels International

Choice Hotels International, Inc. is a hospitality company that primarily franchises hotels under a portfolio of brands serving a range of travelers, from economy and extended-stay guests to upscale customers. Its brands include Comfort, Quality Inn, Sleep Inn, Clarion, Cambria Hotels, Ascend Hotel Collection, Radisson, Everhome Suites, MainStay Suites, Suburban Studios and WoodSpring Suites. The company traces its roots to 1939, when a group of U.S. motel owners formed Quality Courts United, an organization that later became Choice Hotels.