Robert W. Baird Issues Positive Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Key Points

• Robert W. Baird raised its Choice Hotels price target from $128 to $131 and maintained an “outperform” rating, implying 10.38% upside from the prior close.
• Analyst sentiment overall is more cautious: MarketBeat reports a “Reduce” consensus rating and an average price target of $115.69, with 10 analysts at Hold, two at Buy, and three at Sell.
• Choice Hotels beat quarterly earnings and revenue estimates, reporting EPS of $2.33 versus $2.29 expected and revenue of $458.33 million versus $447.56 million expected; revenue increased 2.5% year over year.

Choice Hotels International (NYSE:CHH - Get Free Report) had its price target raised by investment analysts at Robert W. Baird from $128.00 to $131.00 in a research report issued on Monday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 10.38% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. Susquehanna boosted their price objective on Choice Hotels International from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Weiss Ratings downgraded Choice Hotels International from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, November 3rd. Wedbush set a $130.00 price target on Choice Hotels International in a research note on Thursday. Mizuho began coverage on Choice Hotels International in a research note on Thursday, August 27th. They set a "neutral" rating and a $106.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $124.00 price target on shares of Choice Hotels International in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $115.69.

Choice Hotels International Price Performance

CHH stock opened at $118.69 on Monday. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.80 and a beta of 0.65. The company has a debt-to-equity ratio of 16.52, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50 day simple moving average of $105.17 and a 200 day simple moving average of $107.40. Choice Hotels International has a 1 year low of $84.04 and a 1 year high of $123.82.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The firm had revenue of $458.33 million for the quarter, compared to analyst estimates of $447.56 million. Choice Hotels International had a net margin of 12.65% and a return on equity of 216.71%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.10 earnings per share. Research analysts anticipate that Choice Hotels International will post 6.75 EPS for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, Director William Jews sold 5,057 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $106.98, for a total value of $540,997.86. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Scott Oaksmith sold 2,000 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $120.35, for a total value of $240,700.00. Following the completion of the sale, the chief financial officer directly owned 31,172 shares of the company's stock, valued at approximately $3,751,550.20. The trade was a 6.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 8,284 shares of company stock worth $919,122. Insiders own 23.87% of the company's stock.

Institutional Trading of Choice Hotels International

Several institutional investors have recently added to or reduced their stakes in CHH. Allworth Financial LP lifted its stake in shares of Choice Hotels International by 92.5% in the 3rd quarter. Allworth Financial LP now owns 283 shares of the company's stock valued at $31,000 after purchasing an additional 136 shares during the period. Versant Capital Management Inc boosted its position in shares of Choice Hotels International by 445.2% during the 3rd quarter. Versant Capital Management Inc now owns 398 shares of the company's stock valued at $41,000 after purchasing an additional 325 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Choice Hotels International by 485.9% during the 1st quarter. Bessemer Group Inc. now owns 539 shares of the company's stock valued at $56,000 after purchasing an additional 447 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Choice Hotels International by 18.9% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company's stock valued at $84,000 after purchasing an additional 121 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Choice Hotels International by 112.5% during the third quarter. Signaturefd LLC now owns 1,101 shares of the company's stock worth $113,000 after purchasing an additional 583 shares during the period. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hospitality company that primarily franchises hotels under a portfolio of brands serving a range of travelers, from economy and extended-stay guests to upscale customers. Its brands include Comfort, Quality Inn, Sleep Inn, Clarion, Cambria Hotels, Ascend Hotel Collection, Radisson, Everhome Suites, MainStay Suites, Suburban Studios and WoodSpring Suites.

The company traces its roots to 1939, when a group of U.S. motel owners formed Quality Courts United, an organization that later became Choice Hotels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.