Robert W. Baird Has Lowered Expectations for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its price target lowered by stock analysts at Robert W. Baird from $144.00 to $136.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 11.75% from the stock’s current price.

Several other equities research analysts also recently commented on the company. UBS Group cut 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. Barclays cut their price target 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. JPMorgan Chase & Co. initiated coverage on Choice Hotels International in a report on Monday, June 23rd. They set an “underweight” rating and a $124.00 price target for the company. Susquehanna set a $140.00 price target on Choice Hotels International and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $121.00 price target on shares of Choice Hotels International in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $133.38.

Choice Hotels International Trading Up 1.5%

NYSE CHH opened at $121.6990 on Friday. The company has a market cap of $5.63 billion, a PE ratio of 18.72, a PEG ratio of 2.30 and a beta of 0.96. Choice Hotels International has a 12 month low of $116.20 and a 12 month high of $157.86. The stock has a 50 day moving average of $127.43 and a 200-day moving average of $130.71.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. The company had revenue of $426.44 million during the quarter, compared to the consensus estimate of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. As a group, sell-side analysts predict that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 2,500 shares of Choice Hotels International stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total transaction of $341,125.00. Following the completion of the sale, the executive vice president owned 68,381 shares of the company’s stock, valued at approximately $9,330,587.45. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 12,500 shares of company stock worth $1,647,400 over the last three months. 23.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently modified their holdings of CHH. Kilter Group LLC acquired a new stake in shares of Choice Hotels International during the second quarter worth $25,000. UMB Bank n.a. increased its position in shares of Choice Hotels International by 66.2% in the first quarter. UMB Bank n.a. now owns 256 shares of the company’s stock worth $34,000 after purchasing an additional 102 shares during the period. HM Payson & Co. bought a new position in shares of Choice Hotels International in the first quarter worth $35,000. Signaturefd LLC increased its position in shares of Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company’s stock worth $37,000 after purchasing an additional 108 shares during the period. Finally, Whittier Trust Co. increased its position in shares of Choice Hotels International by 138.5% in the second quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds 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.