Retirement Systems of Alabama Sells 267 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Retirement Systems of Alabama decreased its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,184 shares of the company’s stock after selling 267 shares during the period. Retirement Systems of Alabama’s holdings in Choice Hotels International were worth $3,533,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Choice Hotels International during the fourth quarter worth approximately $45,000. Fifth Third Bancorp raised its position in Choice Hotels International by 42.2% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after purchasing an additional 168 shares during the last quarter. Signaturefd LLC boosted its position in Choice Hotels International by 143.5% in the 3rd quarter. Signaturefd LLC now owns 577 shares of the company’s stock valued at $71,000 after buying an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Choice Hotels International in the 3rd quarter valued at $200,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Choice Hotels International during the third quarter worth $203,000. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

NYSE CHH opened at $122.19 on Wednesday. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $136.02. The business has a 50 day simple moving average of $121.66 and a 200 day simple moving average of $117.23. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.96 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.35 by $0.09. The business had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. Analysts anticipate that Choice Hotels International, Inc. will post 6.46 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.94%. Choice Hotels International’s payout ratio is presently 22.73%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CHH shares. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and upped their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Barclays cut their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Robert W. Baird decreased their price objective on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Truist Financial increased their target price on Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $130.80.

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.