Choice Hotels International, Inc. (NYSE:CHH) Receives $134.08 Average Price Target from Brokerages

Key Points

• Choice Hotels International has received an average analyst recommendation of "Reduce," with four analysts issuing sell ratings and only three recommending a buy.
• The company's stock has seen insider sales of 14,500 shares valued at approximately $1.9 million in the last three months, indicating a decrease in insider holdings.
• Choice Hotels reported quarterly earnings of $1.92 per share, beating estimates, but revenue fell 2% year-over-year to $426.44 million.

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) has been assigned an average recommendation of "Reduce" from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $134.0769.

Several equities analysts have issued reports on the stock. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the company a "neutral" rating in a research note on Friday, May 16th. Morgan Stanley reaffirmed an "underweight" rating and set a $121.00 price target on shares of Choice Hotels International in a research note on Tuesday, July 15th. Barclays lowered their price target on shares of Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating on the stock in a research note on Thursday, August 7th. UBS Group lowered their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Robert W. Baird lowered their price target on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th.

Choice Hotels International Trading Up 1.1%

CHH stock traded up $1.29 on Friday, hitting $123.26. The company's stock had a trading volume of 288,757 shares, compared to its average volume of 424,559. The firm has a 50 day moving average of $128.02 and a two-hundred day moving average of $131.40. Choice Hotels International has a 1 year low of $116.20 and a 1 year high of $157.86. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. The firm had revenue of $426.44 million during the quarter, compared to the consensus estimate of $430.13 million. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. Choice Hotels International's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS. As a group, equities analysts forecast that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total value of $341,125.00. Following the transaction, the executive vice president owned 68,381 shares in the company, valued at approximately $9,330,587.45. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 12,500 shares of company stock valued at $1,647,400. 24.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY grew its position in shares of Choice Hotels International by 6.8% in the second quarter. Bamco Inc. NY now owns 4,990,652 shares of the company's stock valued at $633,214,000 after purchasing an additional 317,618 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Choice Hotels International by 0.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,981,731 shares of the company's stock valued at $528,694,000 after acquiring an additional 25,487 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Choice Hotels International by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company's stock worth $339,464,000 after buying an additional 133,216 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Choice Hotels International by 2.2% during the second quarter. Boston Trust Walden Corp now owns 965,652 shares of the company's stock valued at $122,522,000 after acquiring an additional 20,524 shares during the period. Finally, Rock Creek Group LP boosted its position in Choice Hotels International by 52.3% in the second quarter. Rock Creek Group LP now owns 811,579 shares of the company's stock valued at $102,973,000 after buying an additional 278,715 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

Choice Hotels International Company Profile

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.