Choice Hotels International (NYSE:CHH) Price Target Raised to $107.00

Choice Hotels International (NYSE:CHH) had its price target lifted by Barclays from $103.00 to $107.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other research firms have also recently commented on CHH. Truist Financial lifted their target price on Choice Hotels International from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Robert W. Baird cut their price target on Choice Hotels International from $129.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Mizuho began coverage on Choice Hotels International in a report on Thursday, August 27th. They issued a “neutral” rating and a $106.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Choice Hotels International in a report on Friday, October 2nd. Finally, Morgan Stanley lifted their price objective on Choice Hotels International from $92.00 to $93.00 and gave the stock an “underweight” rating in a research report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $114.86.

Choice Hotels International Price Performance

CHH opened at $117.90 on Tuesday. Choice Hotels International has a one year low of $84.04 and a one year high of $123.82. The company has a debt-to-equity ratio of 16.52, a current ratio of 1.26 and a quick ratio of 0.93. The company’s 50 day simple moving average is $104.97 and its 200-day simple moving average is $107.32. The stock has a market capitalization of $5.25 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.76 and a beta of 0.65.

Choice Hotels International (NYSE:CHH) last posted 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 net margin of 12.65% and a return on equity of 216.71%. The firm had revenue of $458.33 million during the quarter, compared to analysts’ expectations of $447.56 million. During the same quarter in the previous year, the company posted $2.10 EPS. Choice Hotels International’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Choice Hotels International will post 6.94 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

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

Insiders Place Their Bets

In other Choice Hotels International news, Director William Jews sold 5,057 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $106.98, for a total transaction of $540,997.86. Following the completion of the sale, the director owned 23,987 shares in the company, valued at approximately $2,566,129.26. The trade was a 17.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dominic Dragisich sold 1,227 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $112.00, for a total value of $137,424.00. Following the completion of the transaction, the chief executive officer directly owned 90,055 shares in the company, valued at approximately $10,086,160. This trade represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,284 shares of company stock valued at $919,122. Company insiders own 23.87% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in shares of Choice Hotels International by 445.2% during the third quarter. Versant Capital Management Inc now owns 398 shares of the company’s stock worth $41,000 after purchasing an additional 325 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Choice Hotels International by 485.9% in the 1st quarter. Bessemer Group Inc. now owns 539 shares of the company’s stock valued at $56,000 after buying an additional 447 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Choice Hotels International by 18.9% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $84,000 after buying an additional 121 shares in the last quarter. Signaturefd LLC increased its position in shares of Choice Hotels International by 112.5% in the 3rd quarter. Signaturefd LLC now owns 1,101 shares of the company’s stock valued at $113,000 after buying an additional 583 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Choice Hotels International during the 2nd quarter worth $146,000. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a global lodging franchisor that licenses its hotel brands to independent owners and operators. The company supports its franchisees through brand standards, reservation and distribution systems, marketing, loyalty programs, technology, and operational services rather than primarily owning and operating hotels itself.

Its portfolio includes brands serving a range of price points and travel needs, including Comfort, Quality Inn, Sleep Inn, Clarion, Econo Lodge, MainStay Suites, Suburban Studios, WoodSpring Suites, Cambria Hotels, and the Ascend Hotel Collection.