Choice Hotels International (NYSE:CHH) PT Lowered to $114.00

Choice Hotels International (NYSE:CHH - Free Report) had its price objective lowered by Barclays from $122.00 to $114.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research firms have also recently commented on CHH. Truist Financial increased their price target on Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a report on Thursday, March 14th. Jefferies Financial Group upgraded Choice Hotels International from an underperform rating to a buy rating and increased their price objective for the stock from $96.00 to $156.00 in a research report on Monday, March 11th. StockNews.com lowered Choice Hotels International from a hold rating to a sell rating in a research report on Wednesday, February 21st. Finally, Robert W. Baird restated an outperform rating and set a $138.00 price target on shares of Choice Hotels International in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $130.90.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock traded down $0.73 during mid-day trading on Friday, reaching $116.34. 525,555 shares of the stock traded hands, compared to its average volume of 571,388. The business has a 50-day moving average of $120.80 and a 200 day moving average of $117.31. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The stock has a market capitalization of $5.78 billion, a PE ratio of 22.99, a PEG ratio of 2.00 and a beta of 1.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.09. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business had revenue of $358.40 million during the quarter, compared to analysts' expectations of $369.44 million. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business's revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that Choice Hotels International will post 6.45 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were issued a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. Choice Hotels International's dividend payout ratio (DPR) is presently 22.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHH. Allspring Global Investments Holdings LLC raised its stake in Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company's stock valued at $25,000 after buying an additional 117 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Choice Hotels International during the second quarter worth about $27,000. Dark Forest Capital Management LP acquired a new stake in shares of Choice Hotels International during the first quarter worth about $28,000. Vima LLC acquired a new stake in shares of Choice Hotels International during the fourth quarter worth about $36,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Choice Hotels International during the fourth quarter worth about $45,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.