Choice Hotels International (NYSE:CHH) PT Lowered to $134.00

Choice Hotels International (NYSE:CHH) had its target price lowered by equities researchers at Robert W. Baird from $137.00 to $134.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 13.40% from the company’s current price.

A number of other analysts have also recently weighed in on CHH. Susquehanna initiated coverage on Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. UBS Group reduced their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Barclays dropped their price objective on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Finally, Truist Financial reduced their target price on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.18.

Choice Hotels International Stock Performance

Shares of CHH opened at $118.17 on Monday. The stock has a market capitalization of $5.69 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.13 and a beta of 1.23. The business’s fifty day moving average price is $121.36 and its 200 day moving average price is $120.23. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $134.82.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The business had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same period last year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts forecast that Choice Hotels International will post 6.46 EPS for the current year.

Insider Activity

In related news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the sale, the insider now owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the transaction, the insider now directly owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 13,117 shares of the company’s 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 of the company’s stock, valued at $8,608,330.95. The disclosure for this sale can be found here. Insiders sold 27,619 shares of company stock worth $3,436,998 over the last three months. Corporate insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after acquiring an additional 1,788,563 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 7.7% in 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 during the period. Boston Trust Walden Corp boosted its position in shares of Choice Hotels International by 0.9% in the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after purchasing an additional 8,033 shares during the period. Balyasny Asset Management L.P. increased its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Choice Hotels International by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock worth $80,340,000 after buying an additional 26,289 shares during the period. Institutional investors and hedge funds own 65.57% of the company’s stock.

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.