Choice Hotels International (NYSE:CHH) Upgraded at StockNews.com

StockNews.com upgraded shares of Choice Hotels International (NYSE:CHH) from a hold rating to a buy rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the stock. Barclays boosted their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Wells Fargo & Company boosted their target price on Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Truist Financial boosted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average target price of $139.92.

Choice Hotels International Trading Down 0.1 %

NYSE:CHH opened at $143.10 on Thursday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $157.86. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.90 and a beta of 1.23. The business’s 50-day moving average price is $145.45 and its two-hundred day moving average price is $139.35.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Sell-side analysts predict that Choice Hotels International will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.2875 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. Choice Hotels International’s payout ratio is 18.46%.

Insiders Place Their Bets

In other news, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC increased its holdings in shares of Choice Hotels International by 33.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after acquiring an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Choice Hotels International by 30.1% during the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after purchasing an additional 3,446 shares during the period. Twelve Points Wealth Management LLC acquired a new position in shares of Choice Hotels International in the fourth quarter valued at $879,000. Erste Asset Management GmbH bought a new position in shares of Choice Hotels International in the third quarter valued at about $19,545,000. Finally, Congress Asset Management Co. lifted its stake in shares of Choice Hotels International by 17.3% during the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock worth $11,661,000 after buying an additional 12,128 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

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.