Choice Hotels International (NYSE:CHH) Given New $145.00 Price Target at Robert W. Baird

Choice Hotels International (NYSE:CHH - Free Report) had its price target lifted by Robert W. Baird from $138.00 to $145.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently issued reports on CHH. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 price target on the stock. in a research report on Friday, July 19th. Truist Financial decreased their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group boosted their price objective on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a "sell" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Jefferies Financial Group lowered Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 price target on the stock. in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $128.20.

Choice Hotels International Trading Up 3.4 %

Shares of NYSE:CHH traded up $4.69 during mid-day trading on Wednesday, hitting $144.15. The stock had a trading volume of 471,953 shares, compared to its average volume of 481,458. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The company has a market cap of $6.81 billion, a PE ratio of 30.06, a P/E/G ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99. The company's 50 day moving average is $131.42 and its 200-day moving average is $124.15.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.31. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $428.00 million for the quarter, compared to analysts' expectations of $432.62 million. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts predict that Choice Hotels International will post 6.35 EPS for the current 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 issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International's dividend payout ratio is presently 23.91%.

Insiders Place Their Bets

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 45,669 shares of the company's stock, valued at $5,940,623.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Simone Wu sold 7,840 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares in the company, valued at $5,940,623.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 in the last 90 days. Company insiders own 24.02% of the company's stock.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its stake in Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock valued at $488,590,000 after buying an additional 1,788,563 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 period. Boston Trust Walden Corp boosted its holdings in Choice Hotels International by 0.9% in the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company's stock worth $112,046,000 after buying an additional 8,033 shares during the period. Dimensional Fund Advisors LP grew its stake in Choice Hotels International by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company's stock valued at $80,340,000 after buying an additional 26,289 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Choice Hotels International by 45.4% during the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company's stock valued at $47,557,000 after acquiring an additional 113,951 shares during the period. Institutional investors and hedge funds own 65.57% of the company's stock.

About Choice Hotels International

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.