Choice Hotels International (NYSE:CHH) Stock Rating Lowered by StockNews.com

Choice Hotels International (NYSE:CHH) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts have also weighed in on CHH. Bank of America lifted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Truist Financial lifted their price target on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. Susquehanna lifted their price target on Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their price target on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International presently has an average rating of “Hold” and an average price target of $140.67.

Choice Hotels International Stock Performance

NYSE CHH opened at $130.12 on Friday. The stock has a 50-day simple moving average of $144.90 and a two-hundred day simple moving average of $140.25. The firm has a market capitalization of $6.08 billion, a P/E ratio of 20.89, a PEG ratio of 1.90 and a beta of 1.25. Choice Hotels International has a fifty-two week low of $109.22 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, analysts forecast that Choice Hotels International will post 7.07 earnings per share for the current year.

Insider Transactions at Choice Hotels International

In other news, EVP Dominic Dragisich sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now directly owns 68,913 shares in the company, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CHH. Pictet Asset Management Holding SA lifted its holdings in Choice Hotels International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company’s stock valued at $506,000 after acquiring an additional 74 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Choice Hotels International by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company’s stock valued at $1,838,000 after acquiring an additional 76 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after acquiring an additional 86 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Choice Hotels International by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company’s stock valued at $294,000 after acquiring an additional 90 shares during the last quarter. Finally, Occudo Quantitative Strategies LP lifted its holdings in Choice Hotels International by 3.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company’s stock valued at $435,000 after acquiring an additional 95 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.