Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $150.35 and last traded at $149.88, with a volume of 11740 shares changing hands. The stock had previously closed at $149.30.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CHH shares. 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 research note on Tuesday, November 5th. Jefferies Financial Group lowered Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 target price for the company. in a report on Wednesday, November 6th. Barclays boosted their target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an "underweight" rating in a report on Tuesday, November 5th. Robert W. Baird boosted their target price on Choice Hotels International from $138.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their target price on Choice Hotels International from $105.00 to $118.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $130.00.
Get Our Latest Analysis on CHH
Choice Hotels International Trading Up 0.2 %
The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.24. The business has a fifty day moving average price of $136.91 and a 200 day moving average price of $126.52. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71.
Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to analysts' expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. On average, equities analysts expect that Choice Hotels International, Inc. will post 6.83 EPS for the current fiscal year.
Choice Hotels International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International's dividend payout ratio is presently 22.03%.
Insider Activity
In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total value of $3,880,007.04. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,551,123.54. This represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at $5,940,623.52. This trade represents a 14.65 % 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
Large investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company's stock worth $345,957,000 after purchasing an additional 195,956 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Choice Hotels International during the third quarter worth $19,545,000. Natixis Advisors LLC grew its holdings in shares of Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company's stock worth $19,254,000 after purchasing an additional 145,893 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company's stock worth $47,557,000 after purchasing an additional 113,951 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.
Choice Hotels International Company Profile
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Get Free Report)
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.
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