Choice Hotels International, Inc. (NYSE:CHH) Receives $129.70 Consensus PT from Analysts

Shares of Choice Hotels International, Inc. (NYSE:CHH) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $129.70.

A number of brokerages have recently commented on CHH. Deutsche Bank Aktiengesellschaft dropped their price target on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. StockNews.com cut Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Barclays lowered their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Truist Financial raised their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $96.00 to $156.00 in a report on Monday, March 11th.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently modified their holdings of CHH. LRI Investments LLC purchased a new position in Choice Hotels International in the first quarter worth about $125,000. Axxcess Wealth Management LLC bought a new position in shares of Choice Hotels International in the 1st quarter worth approximately $205,000. Seven Eight Capital LP boosted its holdings in shares of Choice Hotels International by 8.7% in the first quarter. Seven Eight Capital LP now owns 11,131 shares of the company’s stock worth $1,403,000 after buying an additional 894 shares during the last quarter. Covestor Ltd increased its holdings in Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after acquiring an additional 195,956 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Price Performance

CHH opened at $115.42 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21. The stock has a fifty day simple moving average of $121.04 and a two-hundred day simple moving average of $117.62. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $136.02.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.13. The company had revenue of $331.90 million during the quarter, compared to analyst estimates of $343.04 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. Choice Hotels International’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. Research analysts predict that Choice Hotels International will post 6.45 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 24.68%.

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.