Choice Hotels International, Inc. (NYSE:CHH) Given Consensus Rating of “Reduce” by Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH) have received a consensus recommendation of “Reduce” from the eleven research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $133.27.

CHH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Morgan Stanley restated an “underweight” rating and issued a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a research report on Tuesday, January 14th. Robert W. Baird lifted their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Truist Financial increased their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th.

Insider Activity

In related news, CEO Patrick Pacious sold 7,192 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Choice Hotels International

A number of institutional investors and hedge funds have recently made changes to their positions in CHH. American Century Companies Inc. boosted its holdings in shares of Choice Hotels International by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 12,609 shares of the company’s stock worth $1,500,000 after buying an additional 1,296 shares during the period. Sei Investments Co. boosted its holdings in Choice Hotels International by 35.1% during the second quarter. Sei Investments Co. now owns 30,201 shares of the company’s stock valued at $3,594,000 after acquiring an additional 7,842 shares during the period. Bank of Montreal Can grew its position in shares of Choice Hotels International by 5.9% in the second quarter. Bank of Montreal Can now owns 6,586 shares of the company’s stock valued at $791,000 after purchasing an additional 365 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Choice Hotels International by 106.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 8,403 shares of the company’s stock worth $1,000,000 after purchasing an additional 4,326 shares during the period. Finally, Sepio Capital LP lifted its position in shares of Choice Hotels International by 4.2% during the 2nd quarter. Sepio Capital LP now owns 10,844 shares of the company’s stock worth $1,290,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

CHH opened at $145.87 on Monday. The company has a market capitalization of $6.84 billion, a P/E ratio of 27.95, a PEG ratio of 2.22 and a beta of 1.24. The company has a 50-day moving average of $144.63 and a 200-day moving average of $135.40. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $153.81.

Choice Hotels International (NYSE:CHH) last issued 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. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the business earned $1.82 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.2875 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.15 annualized dividend and a yield of 0.79%. Choice Hotels International’s dividend payout ratio is presently 22.03%.

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.