Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) shares reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The company traded as high as $157.86 and last traded at $155.45, with a volume of 42025 shares. The stock had previously closed at $147.69.
The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million.
Choice Hotels International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, January 2nd. Choice Hotels International's dividend payout ratio (DPR) is 22.03%.
Analyst Ratings Changes
CHH has been the subject of a number of research reports. Morgan Stanley reaffirmed an "underweight" rating and set a $129.00 price target (down from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Robert W. Baird increased their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Barclays increased their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an "underweight" rating in a research note on Friday. Jefferies Financial Group increased their price target on Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their price target on Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $136.58.
View Our Latest Report on CHH
Institutional Investors Weigh In On Choice Hotels International
Institutional investors and hedge funds have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at $1,109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Choice Hotels International by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company's stock valued at $14,145,000 after purchasing an additional 9,474 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Choice Hotels International by 36.0% in the fourth quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company's stock valued at $8,624,000 after purchasing an additional 16,067 shares in the last quarter. Sophron Capital Management L.P. purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at $7,736,000. Finally, Redwood Investment Management LLC purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at $5,123,000. Institutional investors and hedge funds own 65.57% of the company's stock.
Choice Hotels International Price Performance
The stock has a fifty day moving average price of $145.10 and a 200-day moving average price of $138.38. The company has a market cap of $7.06 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.
About Choice Hotels International
(
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.
Featured Articles
Before you consider Choice Hotels International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Choice Hotels International wasn't on the list.
While Choice Hotels International currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
