Choice Hotels International (NYSE:CHH) Coverage Initiated at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. started coverage on shares of Choice Hotels International (NYSE:CHH - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set an "underweight" rating and a $124.00 price target on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 2.38% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Susquehanna set a $140.00 target price on shares of Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Truist Financial cut their price objective on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a research report on Friday, May 30th. The Goldman Sachs Group upgraded Choice Hotels International from a "sell" rating to a "buy" rating and cut their price target for the company from $141.00 to $138.00 in a report on Monday, April 14th. Morgan Stanley cut their target price on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group decreased their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $131.31.

Choice Hotels International Trading Up 1.1%

Shares of CHH traded up $1.40 during trading hours on Monday, reaching $127.03. 284,896 shares of the stock traded hands, compared to its average volume of 391,082. Choice Hotels International has a 52-week low of $116.13 and a 52-week high of $157.86. The company's 50-day moving average price is $126.41 and its two-hundred day moving average price is $135.31. The company has a market cap of $5.89 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). The business had revenue of $332.86 million for the quarter, compared to the consensus estimate of $348.52 million. Choice Hotels International had a net margin of 19.75% and a negative return on equity of 377.51%. Choice Hotels International's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. On average, research analysts forecast that Choice Hotels International will post 7.07 EPS for the current year.

Insider Buying and Selling

In other news, Director Ervin R. Shames sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total transaction of $259,120.00. Following the transaction, the director now owns 52,212 shares of the company's stock, valued at approximately $6,764,586.72. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 23.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

Several hedge funds have recently bought and sold shares of CHH. Barclays PLC grew its holdings in shares of Choice Hotels International by 56.9% in the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after purchasing an additional 6,493 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Choice Hotels International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock valued at $39,634,000 after purchasing an additional 2,725 shares during the period. OFI Invest Asset Management bought a new position in Choice Hotels International in the fourth quarter worth approximately $2,258,000. SG Americas Securities LLC increased its holdings in Choice Hotels International by 492.4% during the 1st quarter. SG Americas Securities LLC now owns 5,207 shares of the company's stock worth $691,000 after purchasing an additional 4,328 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Choice Hotels International during the 4th quarter valued at $1,895,000. Institutional investors own 65.57% of the company's stock.

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.