Choice Hotels International (NYSE:CHH) Sets New 12-Month Low - What's Next?

Key Points

• Choice Hotels International reached a new **52-week low** of $102.92, down from a previous close of $104.23, with a trading volume of 9,757 shares.
• Analysts show mixed ratings for the stock, with **two Buy**, seven Hold, and five Sell ratings, leading to a consensus target price of **$127.92**.
• The company declared a **quarterly dividend** of $0.2875 per share, reflecting an annual yield of **1.1%** with a payout ratio of 17.69%.

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $103.36 and last traded at $102.92, with a volume of 9757 shares traded. The stock had previously closed at $104.23.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHH. Weiss Ratings reissued a "hold (c)" rating on shares of Choice Hotels International in a research note on Saturday, September 27th. Morgan Stanley reissued an "underweight" rating and issued a $121.00 target price on shares of Choice Hotels International in a research report on Tuesday, July 15th. Robert W. Baird dropped their price target on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. started coverage on shares of Choice Hotels International in a research note on Monday, June 23rd. They set an "underweight" rating and a $124.00 price target on the stock. Finally, Bank of America cut shares of Choice Hotels International from a "buy" rating to an "underperform" rating and set a $110.00 price objective for the company. in a research note on Monday, September 29th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $127.92.

Choice Hotels International Trading Down 0.9%

The firm has a market cap of $4.78 billion, a PE ratio of 15.89, a P/E/G ratio of 7.50 and a beta of 0.83. The stock's 50 day moving average price is $117.40 and its 200 day moving average price is $124.21.

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

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.15 annualized dividend and a yield of 1.1%. Choice Hotels International's payout ratio is 17.69%.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 4,900 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $132.72, for a total value of $650,328.00. Following the completion of the sale, the executive vice president owned 70,881 shares of the company's stock, valued at $9,407,326.32. This trade represents a 6.47% 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. 24.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHH. Kilter Group LLC acquired a new position in Choice Hotels International in the 2nd quarter worth $25,000. UMB Bank n.a. lifted its stake in shares of Choice Hotels International by 66.2% in the first quarter. UMB Bank n.a. now owns 256 shares of the company's stock worth $34,000 after acquiring an additional 102 shares in the last quarter. HM Payson & Co. purchased a new position in Choice Hotels International in the first quarter valued at about $35,000. Signaturefd LLC boosted its holdings in Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 108 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in Choice Hotels International by 138.5% during the 2nd quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $37,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.