Choice Hotels International (NYSE:CHH) Price Target Raised to $121.00 at Barclays

Choice Hotels International (NYSE:CHH - Free Report) had its price objective lifted by Barclays from $111.00 to $121.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts also recently issued reports on the stock. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird decreased their price target on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. UBS Group lowered their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a research note on Monday, March 24th. Finally, Truist Financial lowered their price objective on 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. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $134.38.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock traded up $0.64 during mid-day trading on Tuesday, hitting $132.14. 423,667 shares of the stock were exchanged, compared to its average volume of 387,490. Choice Hotels International has a 12 month low of $116.20 and a 12 month high of $157.86. The company has a 50-day simple moving average of $128.15 and a 200 day simple moving average of $134.10. The company has a market capitalization of $6.13 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.22 and a beta of 0.96.

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

Choice Hotels International Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's dividend payout ratio is presently 17.56%.

Insider Transactions at Choice Hotels International

In related news, EVP Dominic Dragisich sold 4,900 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $132.72, for a total transaction of $650,328.00. Following the completion of the transaction, the executive vice president owned 70,881 shares of the company's stock, valued at approximately $9,407,326.32. The trade was 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 accessible through the SEC website. Also, Director Ervin R. Shames sold 2,000 shares of the 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 completion of the sale, the director owned 52,212 shares in the company, valued at $6,764,586.72. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,000 shares of company stock worth $1,565,395. Insiders own 23.78% of the company's stock.

Institutional Investors Weigh In On Choice Hotels International

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new stake in shares of Choice Hotels International in the 4th quarter valued at about $1,895,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after purchasing an additional 393 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Choice Hotels International by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company's stock valued at $1,838,000 after purchasing an additional 76 shares in the last quarter. Xponance Inc. lifted its position in Choice Hotels International by 4.9% during the fourth quarter. Xponance Inc. now owns 4,961 shares of the company's stock valued at $704,000 after purchasing an additional 233 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Choice Hotels International during the fourth quarter valued at approximately $62,000. Institutional investors own 65.57% of the company's stock.

Choice Hotels International Company Profile

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.