Choice Hotels International (NYSE:CHH) Rating Increased to Hold at StockNews.com

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

A number of other research analysts have also recently commented on CHH. Robert W. Baird dropped their price target on Choice Hotels International from $137.00 to $134.00 and set an outperform rating on the stock in a research report on Monday, August 12th. Truist Financial dropped their price objective on Choice Hotels International from $146.00 to $144.00 and set a hold rating on the stock in a report on Thursday, May 30th. Susquehanna started coverage on Choice Hotels International in a report on Friday, June 21st. They set a neutral rating and a $125.00 price objective on the stock. UBS Group dropped their price objective on Choice Hotels International from $126.00 to $125.00 and set a neutral rating on the stock in a report on Friday, August 9th. Finally, Barclays dropped their price objective on Choice Hotels International from $114.00 to $112.00 and set an underweight rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Choice Hotels International has an average rating of Hold and an average price target of $130.18.

Choice Hotels International Stock Up 0.8 %

Shares of NYSE CHH opened at $127.79 on Tuesday. Choice Hotels International has a one year low of $108.91 and a one year high of $134.44. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The business’s fifty day moving average price is $123.64 and its 200-day moving average price is $120.51. The stock has a market capitalization of $6.15 billion, a PE ratio of 27.42, a P/E/G ratio of 2.13 and a beta of 1.23.

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

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Blue Trust Inc. grew its position in Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Covestor Ltd grew its position in Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Tortoise Investment Management LLC grew its position in Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 141 shares during the last quarter. Finally, Vima LLC bought a new position in Choice Hotels International during the 4th quarter worth approximately $36,000. 65.57% of the stock is currently owned by institutional investors.

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.