Choice Hotels International, Inc. (NYSE:CHH) Receives Consensus Rating of "Reduce" from Brokerages

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) has earned a consensus rating of "Reduce" from the eleven analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $130.45.

A number of equities research analysts have weighed in on CHH shares. StockNews.com upgraded shares of Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on Choice Hotels International from $105.00 to $118.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Wells Fargo & Company began coverage on Choice Hotels International in a research report on Thursday. They set an "underweight" rating and a $133.00 price objective for the company. Truist Financial boosted their target price on Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised 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.

Insiders Place Their Bets

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of Choice Hotels International stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.88, for a total value of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at approximately $9,240,493.92. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,437 shares of company stock worth $9,788,980. Company insiders own 24.02% of the company's stock.

Institutional Trading of Choice Hotels International

Hedge funds and other institutional investors have recently modified their holdings of the company. OLD National Bancorp IN purchased a new stake in Choice Hotels International in the 2nd quarter worth $328,000. SG Americas Securities LLC raised its stake in Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company's stock valued at $1,231,000 after purchasing an additional 6,384 shares during the period. MJP Associates Inc. ADV raised its stake in Choice Hotels International by 7.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company's stock valued at $219,000 after purchasing an additional 127 shares during the period. LVW Advisors LLC lifted its holdings in Choice Hotels International by 8.6% in the 2nd quarter. LVW Advisors LLC now owns 3,952 shares of the company's stock worth $470,000 after purchasing an additional 312 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Choice Hotels International by 26.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,450 shares of the company's stock worth $649,000 after purchasing an additional 1,140 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Trading Down 0.5 %

Shares of Choice Hotels International stock traded down $0.76 during midday trading on Friday, reaching $148.24. 281,504 shares of the company's stock traded hands, compared to its average volume of 286,863. The company has a market cap of $6.95 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The stock has a 50 day moving average of $141.04 and a 200-day moving average of $128.89. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $153.81. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the business posted $1.82 earnings per share. Choice Hotels International's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts expect that Choice Hotels International will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.78%. Choice Hotels International's dividend payout ratio is currently 22.03%.

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.