Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $112.23 and last traded at $112.40, with a volume of 108872 shares changing hands. The stock had previously closed at $113.97.
Wall Street Analysts Forecast Growth
CHH has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. 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. Robert W. Baird dropped their price objective on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. started coverage on shares of Choice Hotels International in a report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price objective on the stock. Finally, Morgan Stanley reissued an "underweight" rating and set a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $133.38.
View Our Latest Report on CHH
Choice Hotels International Stock Performance
The firm's 50-day moving average is $124.56 and its 200 day moving average is $127.41. The firm has a market capitalization of $5.22 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.90.
Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.02. The company had revenue of $426.44 million for the quarter, compared to analyst estimates of $430.13 million. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. As a group, equities analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.
Choice Hotels International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Wednesday, October 1st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, October 1st. Choice Hotels International's dividend payout ratio is 17.69%.
Insider Transactions at Choice Hotels International
In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total value of $642,700.00. Following the transaction, the executive vice president directly owned 70,881 shares in the company, valued at approximately $9,111,043.74. This represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 12,500 shares of company stock valued at $1,647,400. 23.78% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new position in Choice Hotels International in the 2nd quarter valued at about $25,000. UMB Bank n.a. increased its stake in shares of 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 acquiring an additional 102 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Choice Hotels International during the 1st quarter valued at about $35,000. Signaturefd LLC increased its stake in shares of Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 108 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in shares of 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 acquiring an additional 169 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.
About Choice Hotels International
(
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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