Choice Hotels International (NYSE:CHH) Given New $110.00 Price Target at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its target price lowered by Robert W. Baird from $122.00 to $110.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on CHH. Weiss Ratings reiterated a “hold (c-)” rating on shares of Choice Hotels International in a research report on Thursday, October 30th. Wells Fargo & Company initiated coverage on Choice Hotels International in a research note on Tuesday. They set an “underweight” rating and a $84.00 target price for the company. Argus decreased their target price on Choice Hotels International from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Bank of America lowered shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target for the company. in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Choice Hotels International from $99.00 to $102.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $119.31.

Choice Hotels International Stock Performance

CHH stock opened at $90.88 on Tuesday. Choice Hotels International has a one year low of $89.14 and a one year high of $157.86. The firm’s fifty day moving average is $101.89 and its 200 day moving average is $117.66. The firm has a market cap of $4.21 billion, a PE ratio of 13.98, a P/E/G ratio of 6.60 and a beta of 0.84.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.08). Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The firm had revenue of $278.00 million for the quarter, compared to analysts’ expectations of $419.75 million. During the same period in the previous year, the company earned $2.23 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. Research analysts predict that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Wednesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is 14.13%.

Institutional Investors Weigh In On Choice Hotels International

A number of large investors have recently made changes to their positions in CHH. Jump Financial LLC acquired a new position in Choice Hotels International in the first quarter valued at approximately $3,598,000. XTX Topco Ltd increased its stake in Choice Hotels International by 155.0% during the first quarter. XTX Topco Ltd now owns 13,243 shares of the company’s stock worth $1,758,000 after acquiring an additional 8,049 shares during the last quarter. Millennium Management LLC purchased a new stake in Choice Hotels International in the first quarter valued at $49,799,000. Invesco Ltd. raised its position in Choice Hotels International by 45.9% in the first quarter. Invesco Ltd. now owns 195,750 shares of the company’s stock valued at $25,992,000 after purchasing an additional 61,562 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Choice Hotels International by 9.3% in the 1st quarter. LPL Financial LLC now owns 30,205 shares of the company’s stock valued at $4,011,000 after purchasing an additional 2,567 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.