Choice Hotels International, Inc. (NYSE:CHH) Given Average Recommendation of “Hold” by Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHHGet Rating) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $139.57.

Several brokerages recently weighed in on CHH. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Choice Hotels International from $131.00 to $128.00 in a research report on Wednesday, May 11th. Morgan Stanley lifted their target price on shares of Choice Hotels International from $136.00 to $137.00 and gave the stock an “underweight” rating in a research report on Friday, February 18th. Finally, StockNews.com cut shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Monday, May 23rd.

Shares of CHH traded up $1.86 during trading hours on Friday, reaching $129.50. The stock had a trading volume of 253,331 shares, compared to its average volume of 285,829. The stock has a market capitalization of $7.22 billion, a PE ratio of 21.76, a PEG ratio of 2.59 and a beta of 1.32. Choice Hotels International has a 12 month low of $110.94 and a 12 month high of $157.46. The company’s 50-day moving average is $136.06 and its two-hundred day moving average is $142.48. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.40 and a current ratio of 1.40.

Choice Hotels International (NYSE:CHHGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Choice Hotels International had a return on equity of 119.10% and a net margin of 29.19%. The firm had revenue of $257.73 million during the quarter, compared to the consensus estimate of $253.04 million. During the same period last year, the business posted $0.57 EPS. The business’s revenue was up 40.9% compared to the same quarter last year. Equities analysts anticipate that Choice Hotels International will post 4.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, July 1st will be issued a $0.2375 dividend. The ex-dividend date is Thursday, June 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 0.73%. Choice Hotels International’s dividend payout ratio (DPR) is presently 15.97%.

In related news, insider David A. Pepper sold 300 shares of Choice Hotels International stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $150.07, for a total value of $45,021.00. Following the completion of the transaction, the insider now directly owns 30,312 shares in the company, valued at approximately $4,548,921.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Scott E. Oaksmith sold 741 shares of Choice Hotels International stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $136.63, for a total transaction of $101,242.83. The disclosure for this sale can be found here. Insiders own 21.15% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in Choice Hotels International by 46.1% in the 3rd quarter. Millennium Management LLC now owns 38,146 shares of the company’s stock valued at $4,821,000 after buying an additional 12,032 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Choice Hotels International during the 4th quarter valued at $2,838,000. Alliancebernstein L.P. grew its position in shares of Choice Hotels International by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 53,490 shares of the company’s stock valued at $6,760,000 after purchasing an additional 2,956 shares in the last quarter. UMB Bank N A MO purchased a new position in shares of Choice Hotels International during the 4th quarter valued at $36,000. Finally, Gyon Technologies Capital Management LP purchased a new position in shares of Choice Hotels International during the 3rd quarter valued at $428,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Choice Hotels International Company Profile (Get Rating)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

Further Reading

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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