Choice Hotels International, Inc. (NYSE:CHH) Receives Average Recommendation of “Reduce” from Analysts

Choice Hotels International, Inc. (NYSE:CHH) has earned an average recommendation of “Reduce” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $134.0769.

Several equities analysts have weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. UBS Group dropped their price objective on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. assumed coverage on Choice Hotels International in a report on Monday, June 23rd. They issued an “underweight” rating and a $124.00 price objective for the company. Barclays dropped their price objective on Choice Hotels International from $121.00 to $117.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. Finally, Susquehanna set a $140.00 price objective on Choice Hotels International and gave the company a “neutral” rating in a report on Friday, May 16th.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total transaction of $642,700.00. Following the sale, the executive vice president owned 70,881 shares in the company, valued at $9,111,043.74. The trade was a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ervin R. Shames sold 2,000 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the sale, the director owned 52,212 shares in the company, valued at $6,764,586.72. This represents a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,500 shares of company stock valued at $1,906,520 in the last three months. 23.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently bought and sold shares of CHH. Kilter Group LLC bought a new stake in Choice Hotels International during the 2nd quarter worth $25,000. UMB Bank n.a. grew its position in shares of Choice Hotels International by 66.2% in the 1st quarter. UMB Bank n.a. now owns 256 shares of the company’s stock valued at $34,000 after buying an additional 102 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Choice Hotels International in the 1st quarter valued at about $35,000. Signaturefd LLC grew its position in shares of Choice Hotels International by 64.7% in the 1st quarter. Signaturefd LLC now owns 275 shares of the company’s stock valued at $37,000 after buying an additional 108 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of Choice Hotels International by 138.5% in the 2nd quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $122.95 on Friday. The stock has a market capitalization of $5.69 billion, a PE ratio of 18.92, a P/E/G ratio of 2.61 and a beta of 0.96. The business has a fifty day moving average price of $128.26 and a two-hundred day moving average price of $131.98. Choice Hotels International has a fifty-two week low of $116.20 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.02. The firm had revenue of $426.44 million during the quarter, compared to analysts’ expectations of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. On average, equities analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

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.