Choice Hotels International (NYSE:CHH) Price Target Raised to $145.00 at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its target price increased by Robert W. Baird from $138.00 to $145.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research report on Friday, July 19th. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Wednesday. UBS Group dropped their price target on shares of 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. The Goldman Sachs Group increased their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $128.78.

Choice Hotels International Stock Performance

Shares of CHH opened at $144.91 on Wednesday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The firm’s 50 day moving average price is $132.45 and its two-hundred day moving average price is $124.68. The firm has a market cap of $6.80 billion, a P/E ratio of 27.76, a PEG ratio of 2.21 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. On average, analysts forecast that Choice Hotels International will post 6.78 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s payout ratio is presently 22.03%.

Insider Activity

In related news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,245 shares of company stock valued at $8,746,500 over the last ninety days. 24.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after buying an additional 1,788,563 shares during the period. Vanguard Group Inc. increased its holdings in Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after buying an additional 195,956 shares during the period. Boston Trust Walden Corp increased its holdings in Choice Hotels International by 0.9% in the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after buying an additional 8,033 shares during the period. Dimensional Fund Advisors LP increased its holdings in Choice Hotels International by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock valued at $80,340,000 after buying an additional 26,289 shares during the period. Finally, Raymond James & Associates increased its holdings in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares during the period. 65.57% of the stock is 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.