StockNews.com Downgrades Choice Hotels International (NYSE:CHH) to Sell

Choice Hotels International (NYSE:CHH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other equities analysts also recently weighed in on CHH. Susquehanna started 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. Barclays reduced their target price on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. Truist Financial dropped their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Finally, UBS Group dropped their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and an average target price of $127.25.

Choice Hotels International Trading Down 0.6 %

NYSE CHH opened at $129.98 on Thursday. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $134.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock has a 50 day moving average of $125.50 and a 200-day moving average of $121.57. The company has a market cap of $6.26 billion, a PE ratio of 27.89, a PEG ratio of 2.01 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last announced 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). The firm had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 EPS. On average, equities research analysts anticipate that Choice Hotels International will post 6.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the sale, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,401 shares of company stock valued at $4,497,556. 24.02% of the stock is owned by company insiders.

Institutional Trading of Choice Hotels International

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in Choice Hotels International by 144.4% in the first 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 in the last quarter. Blue Trust Inc. increased its holdings in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Covestor Ltd raised its position in shares of Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of 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 period. Finally, Vima LLC bought a new stake in shares of Choice Hotels International during the 4th quarter worth approximately $36,000. 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.