Choice Hotels International (NYSE:CHH) Upgraded by StockNews.com to Hold

Choice Hotels International (NYSE:CHH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other analysts have also issued reports about the stock. Truist Financial reduced their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research note on Friday, July 19th. Robert W. Baird reduced their price objective on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Barclays cut their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. Finally, Susquehanna assumed coverage on shares of Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $125.64.

Choice Hotels International Stock Down 1.1 %

CHH traded down $1.50 during midday trading on Thursday, reaching $129.66. The company’s stock had a trading volume of 177,978 shares, compared to its average volume of 499,361. The stock’s 50-day moving average is $126.12 and its 200-day moving average is $122.12. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $134.44. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.17 and a beta of 1.25. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 EPS. As a group, research analysts expect that Choice Hotels International will post 6.38 EPS for the current year.

Insider Activity at Choice Hotels International

In other news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the sale, the executive vice president now owns 69,171 shares in the company, valued at $8,608,330.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. The disclosure for this sale can be found here. Insiders have sold a total of 44,241 shares of company stock worth $5,517,383 over the last quarter. Insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System increased its position in shares of Choice Hotels International by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 6,032 shares of the company’s stock worth $762,000 after purchasing an additional 100 shares during the last quarter. AGF Management Ltd. raised its stake in shares of Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after acquiring an additional 101 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. MJP Associates Inc. ADV boosted its position in shares of Choice Hotels International by 7.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock worth $219,000 after purchasing an additional 127 shares during the period. Finally, Caprock Group LLC increased its holdings in Choice Hotels International by 4.4% in the 2nd quarter. Caprock Group LLC now owns 3,251 shares of the company’s stock valued at $387,000 after purchasing an additional 137 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other 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.