Wyndham Hotels & Resorts (NYSE:WH) Shares Gap Up - Here's Why

Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $81.42, but opened at $85.88. Wyndham Hotels & Resorts shares last traded at $86.38, with a volume of 88,301 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays increased their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Tuesday. Truist Financial lowered their price target on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Stifel Nicolaus lifted their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Robert W. Baird set a $92.00 target price on Wyndham Hotels & Resorts in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average target price of $91.57.

Wyndham Hotels & Resorts Stock Performance

The business's 50 day simple moving average is $78.68 and its two-hundred day simple moving average is $74.75. The firm has a market capitalization of $7.11 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.10. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 49.51%.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the company's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,640 shares of company stock valued at $974,351. 2.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company's stock valued at $34,000 after acquiring an additional 207 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 1,245.1% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock worth $53,000 after buying an additional 635 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at about $67,000. International Assets Investment Management LLC bought a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at about $70,000. Finally, Concord Wealth Partners increased its stake in Wyndham Hotels & Resorts by 70.8% during the first quarter. Concord Wealth Partners now owns 1,023 shares of the company's stock worth $79,000 after acquiring an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.