Choice Hotels International (NYSE:CHH) Upgraded to "Buy" at StockNews.com

Choice Hotels International (NYSE:CHH - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company increased their price target on Choice Hotels International from $133.00 to $138.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 4th. The Goldman Sachs Group increased their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price target on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Finally, Truist Financial raised their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of "Hold" and a consensus price target of $139.92.

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Choice Hotels International Trading Up 0.4 %

NYSE:CHH traded up $0.64 during mid-day trading on Thursday, hitting $143.93. The stock had a trading volume of 412,255 shares, compared to its average volume of 432,434. The company has a 50 day simple moving average of $145.45 and a 200-day simple moving average of $139.49. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.90 and a beta of 1.23. Choice Hotels International has a 52 week low of $108.91 and a 52 week 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, equities research analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current year.

Insider Activity

In related news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Choice Hotels International during the fourth quarter worth approximately $48,201,000. Erste Asset Management GmbH acquired a new stake in shares of Choice Hotels International during the 3rd quarter valued at $19,545,000. Balyasny Asset Management L.P. grew its holdings in shares of Choice Hotels International by 69.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after acquiring an additional 120,376 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Choice Hotels International in the fourth quarter worth $15,354,000. Institutional investors and hedge funds own 65.57% of the company's stock.

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.