Choice Hotels International, Inc. (NYSE:CHH) Receives $136.33 Average PT from Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $136.58.

A number of equities research analysts have weighed in on the company. Truist Financial raised their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Morgan Stanley reiterated an "underweight" rating and issued a $129.00 price target (down from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price objective on Choice Hotels International from $133.00 to $138.00 and gave the company an "underweight" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Finally, Barclays boosted their target price on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an "underweight" rating in a research note on Friday.

Choice Hotels International Stock Down 1.2 %

Shares of Choice Hotels International stock traded down $1.76 during trading hours on Friday, hitting $150.53. The company's stock had a trading volume of 560,250 shares, compared to its average volume of 359,060. The company has a market capitalization of $7.06 billion, a PE ratio of 28.84, a P/E/G ratio of 1.85 and a beta of 1.23. The business has a fifty day moving average of $145.02 and a 200 day moving average of $138.21. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. On average, sell-side analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International's payout ratio is 22.03%.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in shares of Choice Hotels International by 33.4% in the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company's stock valued at $2,193,000 after buying an additional 4,219 shares during the period. TD Private Client Wealth LLC boosted its holdings in Choice Hotels International by 30.1% during the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company's stock worth $1,940,000 after buying an additional 3,446 shares in the last quarter. Twelve Points Wealth Management LLC acquired a new position in Choice Hotels International in the fourth quarter worth approximately $879,000. Erste Asset Management GmbH bought a new position in shares of Choice Hotels International in the third quarter valued at $19,545,000. Finally, KBC Group NV increased its holdings in shares of Choice Hotels International by 3,087.2% in the fourth quarter. KBC Group NV now owns 21,195 shares of the company's stock valued at $3,009,000 after buying an additional 20,530 shares in the last quarter. 65.57% of the stock is owned by 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.