Sanford C. Bernstein Boosts Hyatt Hotels (NYSE:H) Price Target to $190.00

Hyatt Hotels (NYSE:H - Free Report) had its price target raised by Sanford C. Bernstein from $184.00 to $190.00 in a report released on Monday, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company boosted their price target on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an overweight rating in a research report on Monday, February 26th. Barclays increased their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an equal weight rating in a research report on Friday. TD Cowen increased their target price on Hyatt Hotels from $95.00 to $160.00 and gave the stock a market perform rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $162.00 to $172.00 and gave the company an overweight rating in a report on Friday, March 1st. Finally, Truist Financial increased their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a buy rating in a report on Thursday, March 14th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of Hold and a consensus price target of $146.25.

Hyatt Hotels Price Performance

Shares of H stock traded down $2.97 during mid-day trading on Monday, reaching $149.23. The company's stock had a trading volume of 485,912 shares, compared to its average volume of 666,239. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The firm's 50-day moving average is $154.33 and its two-hundred day moving average is $135.32. The company has a market cap of $15.10 billion, a P/E ratio of 23.23 and a beta of 1.49.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company earned $0.41 earnings per share. On average, research analysts predict that Hyatt Hotels will post 3.22 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, May 28th. Hyatt Hotels's dividend payout ratio is currently 9.32%.

Insiders Place Their Bets

In other news, insider Joan Bottarini sold 10,695 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the transaction, the insider now owns 16,104 shares of the company's stock, valued at approximately $2,398,207.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hyatt Hotels news, insider Mark R. Vondrasek sold 9,867 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $154.11, for a total value of $1,520,603.37. Following the transaction, the insider now owns 5,100 shares of the company's stock, valued at $785,961. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joan Bottarini sold 10,695 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the sale, the insider now directly owns 16,104 shares of the company's stock, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,084,248 shares of company stock worth $326,572,489. Company insiders own 23.50% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $27,000. Quadrant Capital Group LLC grew its holdings in shares of Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company's stock valued at $50,000 after acquiring an additional 127 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $59,000. Fidelis Capital Partners LLC bought a new stake in Hyatt Hotels during the first quarter worth about $85,000. Finally, Banque Cantonale Vaudoise acquired a new position in Hyatt Hotels during the third quarter valued at approximately $83,000. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.