Choice Hotels International (NYSE:CHH) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Choice Hotels International (NYSE:CHH) in a report released on Wednesday, MarketBeat reports. The brokerage issued a sell rating and a $105.00 price target on the stock.

CHH has been the topic of several other reports. UBS Group decreased their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a neutral rating on the stock in a research report on Friday, August 9th. Truist Financial lowered their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a hold rating on the stock in a research report on Wednesday, September 4th. StockNews.com raised shares of Choice Hotels International from a sell rating to a hold rating in a report on Thursday, September 5th. Barclays reduced their target price on Choice Hotels International from $114.00 to $112.00 and set an underweight rating on the stock in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered Choice Hotels International from a neutral rating to an underweight rating and set a $120.00 price target for the company. in a research note on Friday, July 19th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Choice Hotels International currently has an average rating of Hold and an average target price of $127.25.

Choice Hotels International Stock Down 0.6 %

Shares of NYSE:CHH opened at $129.98 on Wednesday. The firm has a fifty day moving average price of $125.50 and a two-hundred day moving average price of $121.57. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International has a one year low of $108.91 and a one year high of $134.44.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). The business had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. Choice Hotels International’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 EPS. Analysts anticipate that Choice Hotels International will post 6.38 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

Insider Buying and Selling at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the completion of the sale, the executive vice president now directly owns 69,171 shares in the company, valued at $8,608,330.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,401 shares of company stock worth $4,497,556. 24.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of large investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after acquiring an additional 1,788,563 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Choice Hotels International by 144.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock worth $106,402,000 after purchasing an additional 554,479 shares during the period. Vanguard Group Inc. boosted its stake in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after purchasing an additional 195,956 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after buying an additional 145,893 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after buying an additional 90,765 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors.

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.