Choice Hotels International (NYSE:CHH) Now Covered by Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Choice Hotels International (NYSE:CHH) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued an underweight rating and a $84.00 target price on the stock.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Choice Hotels International from $99.00 to $102.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Bank of America lowered Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target on the stock. in a research note on Monday, September 29th. Morgan Stanley decreased their price objective on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating for the company in a research report on Wednesday, October 22nd. Robert W. Baird lowered their target price on shares of Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Choice Hotels International in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $119.31.

Choice Hotels International Stock Down 1.3%

NYSE CHH opened at $90.88 on Tuesday. Choice Hotels International has a 52 week low of $89.14 and a 52 week high of $157.86. The company has a 50 day moving average price of $101.89 and a 200 day moving average price of $117.66. The firm has a market cap of $4.21 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 6.60 and a beta of 0.84.

Choice Hotels International (NYSE:CHH) last released its quarterly 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). The firm had revenue of $278.00 million during the quarter, compared to analysts’ expectations of $419.75 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.Choice Hotels International’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.23 earnings per share. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. On average, equities research analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

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

Hedge Funds Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC acquired a new stake in shares of Choice Hotels International in the first quarter valued at about $3,598,000. XTX Topco Ltd raised its position in shares of Choice Hotels International by 155.0% during the 1st quarter. XTX Topco Ltd now owns 13,243 shares of the company’s stock worth $1,758,000 after purchasing an additional 8,049 shares during the last quarter. Millennium Management LLC purchased a new position in Choice Hotels International in the 1st quarter valued at about $49,799,000. Invesco Ltd. boosted its holdings in Choice Hotels International by 45.9% in the 1st quarter. Invesco Ltd. now owns 195,750 shares of the company’s stock worth $25,992,000 after buying an additional 61,562 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Choice Hotels International by 9.3% in the 1st quarter. LPL Financial LLC now owns 30,205 shares of the company’s stock worth $4,011,000 after buying an additional 2,567 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.