Choice Hotels International (NYSE:CHH) Reaches New 1-Year High - Here's Why

Shares of Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $149.46 and last traded at $142.11, with a volume of 71366 shares. The stock had previously closed at $138.76.

Analyst Upgrades and Downgrades

CHH has been the subject of several analyst reports. StockNews.com upgraded Choice Hotels International from a "sell" rating to a "hold" rating in a research note on Thursday, October 3rd. Barclays decreased their price target on Choice Hotels International from $114.00 to $112.00 and set an "underweight" rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. cut Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 price target on the stock. in a research note on Friday, July 19th. UBS Group cut their price objective on Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Finally, Truist Financial dropped their price target 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Choice Hotels International currently has an average rating of "Hold" and an average target price of $125.50.

Choice Hotels International Stock Up 1.1 %

The company has a fifty day simple moving average of $130.88 and a 200 day simple moving average of $123.83. 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 firm has a market capitalization of $6.62 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.28 and a beta of 1.24.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm had revenue of $435.20 million for the quarter, compared to analysts' expectations of $438.29 million. During the same quarter last year, the company posted $1.75 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Choice Hotels International, Inc. will post 6.35 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International's dividend payout ratio (DPR) is 23.91%.

Insider Transactions at Choice Hotels International

In related news, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares of the company's stock, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was 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 directly owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $48,709,646.42. 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 over the last 90 days. Company insiders own 24.02% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company's stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company's stock valued at $28,000 after buying an additional 166 shares during the last quarter. Covestor Ltd raised its stake in shares of Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company's stock valued at $30,000 after purchasing an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Choice Hotels International by 1,146.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company's stock valued at $47,000 after purchasing an additional 367 shares in the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.