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Choice Hotels International (NYSE:CHH) Hits New 1-Year High - Time to Buy?

Choice Hotels International logo with Consumer Discretionary background

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $136.00 and last traded at $135.60, with a volume of 13826 shares traded. The stock had previously closed at $134.88.

Analyst Ratings Changes

CHH has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Truist Financial lowered their price objective on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Barclays lowered their price objective on Choice Hotels International from $114.00 to $112.00 and set an "underweight" rating for the company in a research report on Friday, August 9th. Robert W. Baird lowered their price objective on Choice Hotels International from $137.00 to $134.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. Finally, StockNews.com upgraded Choice Hotels International from a "sell" rating to a "hold" rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $125.64.

Check Out Our Latest Research Report on CHH

Choice Hotels International Stock Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a market cap of $6.46 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.20 and a beta of 1.25. The business has a fifty day moving average of $127.44 and a 200 day moving average of $122.53.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. Choice Hotels International's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. On average, equities analysts predict that Choice Hotels International, Inc. will post 6.38 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. Shareholders of record on Tuesday, October 1st were issued a $0.2875 dividend. 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 0.86%. Choice Hotels International's dividend payout ratio (DPR) is 24.68%.

Insider Transactions at Choice Hotels International

In other news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now directly owns 18,084 shares of the company's stock, valued at approximately $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Robert J. Mcdowell sold 8,712 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.99, for a total value of $1,176,032.88. Following the sale, the insider now directly owns 38,502 shares of the company's stock, valued at approximately $5,197,384.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,429 shares of company stock valued at $4,866,493. Insiders own 24.02% of the company's stock.

Institutional Investors Weigh In On Choice Hotels International

Several institutional investors have recently modified their holdings of the business. Aurora Investment Managers LLC. boosted its position in shares of Choice Hotels International by 0.9% during the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company's stock valued at $1,624,000 after buying an additional 113 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Choice Hotels International during the third quarter valued at $261,000. Heritage Family Offices LLP boosted its position in shares of Choice Hotels International by 45.0% during the third quarter. Heritage Family Offices LLP now owns 3,074 shares of the company's stock valued at $401,000 after buying an additional 954 shares during the last quarter. Creative Planning boosted its position in shares of Choice Hotels International by 28.1% during the third quarter. Creative Planning now owns 2,443 shares of the company's stock valued at $318,000 after buying an additional 536 shares during the last quarter. Finally, LVW Advisors LLC boosted its position in shares of Choice Hotels International by 52.8% during the third quarter. LVW Advisors LLC now owns 6,038 shares of the company's stock valued at $787,000 after buying an additional 2,086 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

(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.

Further Reading

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