Choice Hotels International (NYSE:CHH) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of Choice Hotels International (NYSE:CHH) from a sell rating to a neutral rating in a research note published on Monday, MarketBeat Ratings reports. They currently have $132.00 price objective on the stock.

CHH has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Truist Financial increased their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research report on Friday, March 21st. Susquehanna upped their price objective on Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group boosted their price target on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.62.

Choice Hotels International Stock Performance

CHH stock opened at $132.95 on Monday. The firm has a 50 day moving average price of $143.36 and a 200-day moving average price of $140.65. Choice Hotels International has a 52-week low of $109.22 and a 52-week high of $157.86. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.90 and a beta of 1.25.

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

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s payout ratio is currently 18.46%.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its position in Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after purchasing an additional 86 shares during the period. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International during the 3rd quarter valued at approximately $55,000. Tortoise Investment Management LLC raised its holdings in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after buying an additional 154 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after buying an additional 393 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Choice Hotels International during the fourth quarter valued at $62,000. 65.57% of the stock is currently owned by hedge funds and other 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.