Choice Hotels International (NYSE:CHH) Price Target Raised to $102.00 at JPMorgan Chase & Co.

Choice Hotels International (NYSE:CHH) had its price objective lifted by JPMorgan Chase & Co. from $95.00 to $102.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also weighed in on CHH. Robert W. Baird cut their target price on Choice Hotels International from $122.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Truist Financial set a $126.00 price target on shares of Choice Hotels International and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays reduced their price objective on shares of Choice Hotels International from $99.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, January 16th. Argus reaffirmed a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, December 16th. Finally, Morgan Stanley set a $91.00 price target on shares of Choice Hotels International in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $109.15.

Choice Hotels International Stock Down 0.3%

Shares of Choice Hotels International stock opened at $101.45 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 12.81. Choice Hotels International has a 52-week low of $84.04 and a 52-week high of $157.86. The company has a market capitalization of $4.69 billion, a P/E ratio of 12.46, a P/E/G ratio of 8.18 and a beta of 0.76. The company has a 50 day moving average of $97.86 and a 200 day moving average of $105.62.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). The firm had revenue of $278.00 million during the quarter, compared to analyst estimates of $419.75 million. Choice Hotels International had a net margin of 23.93% and a return on equity of 9,081.29%. Choice Hotels International’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. As a group, research analysts forecast that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were paid a dividend of $0.2875 per share. The ex-dividend date was Friday, January 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 1.1%. Choice Hotels International’s dividend payout ratio is currently 14.13%.

Institutional Investors Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in shares of Choice Hotels International by 23.6% during the second quarter. Hantz Financial Services Inc. now owns 434 shares of the company’s stock worth $55,000 after buying an additional 83 shares during the last quarter. Teza Capital Management LLC grew its stake in shares of Choice Hotels International by 5.0% in the 2nd quarter. Teza Capital Management LLC now owns 2,051 shares of the company’s stock valued at $260,000 after purchasing an additional 98 shares during the last quarter. Malaga Cove Capital LLC grew its stake in shares of Choice Hotels International by 5.4% in the 2nd quarter. Malaga Cove Capital LLC now owns 1,955 shares of the company’s stock valued at $248,000 after purchasing an additional 100 shares during the last quarter. Claret Asset Management Corp increased its holdings in shares of Choice Hotels International by 6.6% in the second quarter. Claret Asset Management Corp now owns 1,817 shares of the company’s stock valued at $231,000 after purchasing an additional 112 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Choice Hotels International by 0.9% during the second quarter. Treasurer of the State of North Carolina now owns 12,626 shares of the company’s stock worth $1,602,000 after purchasing an additional 112 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

About Choice Hotels International

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.