Choice Hotels International, Inc. (NYSE:CHH) Given Average Rating of "Reduce" by Brokerages

Key Points

• Choice Hotels International, Inc. has received an average rating of "Reduce" from thirteen brokerage firms, with four analysts rating it as a sell and three as a buy.
• The stock's average twelve-month price target among analysts has been set at $133.38, reflecting recent downward adjustments from various firms.
• Recent insider activity includes EVP Dominic Dragisich selling 2,500 shares at $136.45 per share, indicating a 3.53% decrease in his holdings.

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) has earned an average recommendation of "Reduce" from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $133.3846.

Several research analysts have weighed in on the company. Truist Financial lowered their price objective on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. JPMorgan Chase & Co. began coverage on Choice Hotels International in a research report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price objective on the stock. Morgan Stanley reissued an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a report on Tuesday, July 15th. Robert W. Baird reduced their target price on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. Finally, UBS Group reduced their target price on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th.

Insider Activity

In other news, EVP Dominic Dragisich sold 2,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total transaction of $341,125.00. Following the sale, the executive vice president directly owned 68,381 shares of the company's stock, valued at approximately $9,330,587.45. This represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 12,500 shares of company stock worth $1,647,400. Corporate insiders own 24.02% of the company's stock.

Institutional Trading of Choice Hotels International

Large investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in shares of Choice Hotels International by 1.0% during the 4th quarter. Jane Street Group LLC now owns 26,412 shares of the company's stock worth $3,750,000 after buying an additional 266 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Choice Hotels International by 91.3% during the 4th quarter. BNP Paribas Financial Markets now owns 53,034 shares of the company's stock worth $7,530,000 after buying an additional 25,315 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Choice Hotels International by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 2,069 shares of the company's stock worth $294,000 after buying an additional 90 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Choice Hotels International by 6.9% during the 4th quarter. Cetera Investment Advisers now owns 6,618 shares of the company's stock worth $940,000 after buying an additional 427 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Choice Hotels International during the 4th quarter worth $892,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Choice Hotels International Price Performance

CHH stock opened at $114.93 on Tuesday. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.20 and a beta of 0.90. The business's fifty day moving average price is $125.95 and its two-hundred day moving average price is $128.10. Choice Hotels International has a fifty-two week low of $112.31 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.02. The firm had revenue of $426.44 million for the quarter, compared to analysts' expectations of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The company's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 EPS. Research analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

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.

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