Choice Hotels International (NYSE:CHH) Price Target Raised to $136.00

Choice Hotels International (NYSE:CHH) had its price target hoisted by Truist Financial from $134.00 to $136.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also issued reports on CHH. Susquehanna lifted their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Barclays upped their target price on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. UBS Group lowered their price target on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.45.

Choice Hotels International Trading Down 0.5 %

Shares of NYSE:CHH opened at $148.30 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The company has a market capitalization of $6.96 billion, a PE ratio of 28.41, a P/E/G ratio of 2.36 and a beta of 1.23. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $153.81. The business’s fifty day simple moving average is $141.04 and its 200-day simple moving average is $128.73.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, equities research analysts predict that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 22.03%.

Insider Activity

In other news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 14.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick Pacious sold 26,816 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total value of $3,880,007.04. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at $58,551,123.54. The trade was a 6.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,437 shares of company stock valued at $9,788,980 in the last ninety days. Insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Choice Hotels International during the 1st quarter valued at approximately $1,089,000. OLD National Bancorp IN purchased a new position in Choice Hotels International in the second quarter valued at $328,000. SG Americas Securities LLC raised its position in shares of Choice Hotels International by 161.3% in the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after acquiring an additional 6,384 shares during the period. MJP Associates Inc. ADV boosted its stake in shares of Choice Hotels International by 7.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock worth $219,000 after acquiring an additional 127 shares in the last quarter. Finally, LVW Advisors LLC grew its position in shares of Choice Hotels International by 8.6% during the 2nd quarter. LVW Advisors LLC now owns 3,952 shares of the company’s stock valued at $470,000 after acquiring an additional 312 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.

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.