Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Choice Hotels International (NYSE:CHH - Free Report) had its price objective raised by Deutsche Bank Aktiengesellschaft from $113.00 to $114.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other brokerages also recently commented on CHH. Barclays decreased their price objective on shares of 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. UBS Group decreased their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of 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. The Goldman Sachs Group assumed coverage on shares of Choice Hotels International in a research report on Wednesday, September 18th. They issued a "sell" rating and a $105.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Choice Hotels International currently has an average rating of "Hold" and an average price target of $128.10.

Choice Hotels International Trading Down 0.5 %

NYSE CHH traded down $0.72 during trading hours on Tuesday, hitting $139.53. The company's stock had a trading volume of 434,735 shares, compared to its average volume of 481,503. The stock has a fifty day moving average of $131.17 and a 200 day moving average of $123.99. 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 $6.59 billion, a P/E ratio of 29.01, a PEG ratio of 2.27 and a beta of 1.24. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. Equities research analysts forecast that Choice Hotels International will post 6.35 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

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

Insiders Place Their Bets

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 transaction of $1,206,709.25. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,429 shares of company stock worth $4,866,493 in the last quarter. 24.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Choice Hotels International

A number of institutional investors and hedge funds have recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC increased 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 worth $25,000 after purchasing an additional 117 shares in the last quarter. Blue Trust Inc. increased its position in Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company's stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Covestor Ltd increased its position in Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Tortoise Investment Management LLC increased its position in Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company's stock worth $30,000 after purchasing an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in 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 acquiring an additional 367 shares during the period. Institutional investors 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.