Choice Hotels International (NYSE:CHH) Reaches New 52-Week High - What's Next?

Shares of Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $139.21 and last traded at $138.68, with a volume of 114987 shares changing hands. The stock had previously closed at $131.93.

Analysts Set New Price Targets

Several research firms have weighed in on CHH. Truist Financial cut their price objective on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. The Goldman Sachs Group started coverage on shares of Choice Hotels International in a research report on Wednesday, September 18th. They set a "sell" rating and a $105.00 price target for the company. StockNews.com upgraded shares of Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut shares of Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 target price on the stock. in a research note on Friday, July 19th. Finally, Robert W. Baird set a $138.00 price target on shares of Choice Hotels International in a research note on Thursday, October 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Choice Hotels International presently has an average rating of "Hold" and an average target price of $125.50.

Choice Hotels International Price Performance

The firm has a market cap of $6.81 billion, a P/E ratio of 30.33, a PEG ratio of 2.20 and a beta of 1.25. The business's fifty day simple moving average is $128.64 and its 200-day simple moving average is $122.93. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued 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 company had revenue of $435.20 million for the quarter, compared to analysts' expectations of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. As a group, analysts forecast that Choice Hotels International, Inc. will post 6.38 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors 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 yield of 0.81%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International's dividend payout ratio (DPR) is presently 24.68%.

Insider Buying and Selling at Choice Hotels International

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CHH. Ironwood Financial llc bought a new position in Choice Hotels International during the first quarter valued at approximately $204,000. Allspring Global Investments Holdings LLC raised its position in Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company's stock worth $25,000 after purchasing an additional 117 shares during the period. State of Michigan Retirement System lifted its stake in Choice Hotels International by 1.7% in the first quarter. State of Michigan Retirement System now owns 6,032 shares of the company's stock worth $762,000 after purchasing an additional 100 shares during the last quarter. Norden Group LLC lifted its stake in Choice Hotels International by 2,171.1% in the first quarter. Norden Group LLC now owns 55,664 shares of the company's stock worth $7,033,000 after purchasing an additional 53,213 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Choice Hotels International by 1.0% during the first quarter. Principal Financial Group Inc. now owns 93,972 shares of the company's stock valued at $11,873,000 after buying an additional 953 shares during the period. Institutional investors 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.