Choice Hotels International (NYSE:CHH) Given New $145.00 Price Target at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its target price lowered by Robert W. Baird from $150.00 to $145.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on CHH. Morgan Stanley cut their price objective on Choice Hotels International from $124.00 to $115.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Bank of America lifted their target price on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays reduced their target price on Choice Hotels International from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group raised Choice Hotels International from a “sell” rating to a “buy” rating and reduced their target price for the stock from $141.00 to $138.00 in a report on Monday, April 14th. Finally, Jefferies Financial Group reduced their target price on Choice Hotels International from $154.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $133.38.

Choice Hotels International Price Performance

NYSE CHH opened at $132.84 on Monday. The business’s fifty day moving average price is $127.11 and its 200-day moving average price is $138.99. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.90 and a beta of 1.00. Choice Hotels International has a 1-year low of $109.22 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.04). The company had revenue of $332.86 million during the quarter, compared to analysts’ expectations of $348.52 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. Equities research analysts anticipate that Choice Hotels International will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.87%. Choice Hotels International’s payout ratio is 17.56%.

Insider Activity at Choice Hotels International

In related news, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dominic Dragisich sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This trade represents a 4.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,280 shares of company stock worth $1,035,202. Company insiders own 23.78% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Large investors have recently bought and sold shares of the business. Jane Street Group LLC increased its position in shares of Choice Hotels International by 89.8% during the first quarter. Jane Street Group LLC now owns 50,138 shares of the company’s stock worth $6,657,000 after purchasing an additional 23,726 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Choice Hotels International by 8.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 108,512 shares of the company’s stock worth $14,408,000 after purchasing an additional 8,887 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Choice Hotels International during the first quarter worth $1,634,000. Goldman Sachs Group Inc. increased its position in shares of Choice Hotels International by 13.3% during the first quarter. Goldman Sachs Group Inc. now owns 110,031 shares of the company’s stock worth $14,610,000 after purchasing an additional 12,904 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Choice Hotels International by 53.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 4,672 shares of the company’s stock worth $620,000 after purchasing an additional 1,631 shares in the last quarter. Institutional investors 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.