Choice Hotels International (NYSE:CHH - Free Report) had its price target reduced by UBS Group from $160.00 to $149.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of Choice Hotels International in a research report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price target on the stock. Truist Financial dropped their target price on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Jefferies Financial Group cut their target price on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Robert W. Baird dropped their price objective on 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. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $133.15.
Check Out Our Latest Stock Analysis on CHH
Choice Hotels International Price Performance
CHH stock traded down $0.51 on Thursday, reaching $134.21. The company's stock had a trading volume of 506,011 shares, compared to its average volume of 390,540. Choice Hotels International has a 52 week low of $116.20 and a 52 week high of $157.86. The company has a market capitalization of $6.23 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. The firm has a fifty day moving average of $127.78 and a two-hundred day moving average of $134.28.
Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share (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 analyst estimates of $348.52 million. Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The company's revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 EPS. As a group, equities analysts expect that Choice Hotels International will post 7.07 EPS for the current fiscal year.
Choice Hotels International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's dividend payout ratio (DPR) is presently 17.56%.
Insider Buying and Selling at Choice Hotels International
In related news, EVP Dominic Dragisich sold 4,900 shares of Choice Hotels International stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $132.72, for a total value of $650,328.00. Following the transaction, the executive vice president owned 70,881 shares of the company's stock, valued at approximately $9,407,326.32. This trade represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ervin R. Shames sold 2,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the sale, the director owned 52,212 shares in the company, valued at approximately $6,764,586.72. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $1,565,395. 23.78% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Choice Hotels International
Several hedge funds have recently made changes to their positions in CHH. UMB Bank n.a. raised its stake in Choice Hotels International by 66.2% during the 1st quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the period. HM Payson & Co. purchased a new position in shares of Choice Hotels International during the first quarter valued at $35,000. Signaturefd LLC raised its position in Choice Hotels International by 64.7% during the first quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 108 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after acquiring an additional 86 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Choice Hotels International by 119.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company's stock worth $49,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.
About Choice Hotels International
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Get Free Report)
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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