Choice Hotels International, Inc. (NYSE:CHH) Receives $132.15 Average PT from Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) have been assigned a consensus rating of "Reduce" from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $132.15.

A number of analysts have issued reports on CHH shares. Redburn Atlantic raised shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective for the company in a report on Monday, March 24th. Wall Street Zen downgraded shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Barclays reduced their price target on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and dropped their price objective for the company from $141.00 to $138.00 in a report on Monday, April 14th.

Insider Activity

In other news, Director Ervin R. Shames sold 2,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.56, for a total transaction of $259,120.00. Following the completion of the transaction, the director now directly owns 52,212 shares in the company, valued at $6,764,586.72. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the transaction, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. 23.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Choice Hotels International

A number of large investors have recently bought and sold shares of CHH. Rhumbline Advisers increased its position in Choice Hotels International by 1.0% in the 1st quarter. Rhumbline Advisers now owns 71,772 shares of the company's stock valued at $9,530,000 after buying an additional 726 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Choice Hotels International by 89.8% during the 1st quarter. Jane Street Group LLC now owns 50,138 shares of the company's stock valued at $6,657,000 after buying an additional 23,726 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Choice Hotels International by 8.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 108,512 shares of the company's stock worth $14,408,000 after acquiring an additional 8,887 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Choice Hotels International in the first quarter valued at approximately $1,634,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Choice Hotels International by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 110,031 shares of the company's stock worth $14,610,000 after purchasing an additional 12,904 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Price Performance

CHH stock traded up $0.10 during midday trading on Friday, reaching $127.02. 468,586 shares of the company were exchanged, compared to its average volume of 392,427. Choice Hotels International has a one year low of $111.62 and a one year high of $157.86. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. The business has a 50-day moving average price of $126.78 and a two-hundred day moving average price of $138.12.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The firm had revenue of $332.86 million during the quarter, compared to analyst estimates of $348.52 million. During the same period in the prior year, the company earned $1.28 earnings per share. The business's quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's dividend payout ratio (DPR) is presently 17.56%.

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.