Choice Hotels International (NYSE:CHH) Price Target Cut to $137.00 by Analysts at Wells Fargo & Company

Choice Hotels International (NYSE:CHH - Free Report) had its price objective decreased by Wells Fargo & Company from $138.00 to $137.00 in a research note released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Several other brokerages have also commented on CHH. Truist Financial upped their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Barclays increased their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a research note on Friday, February 21st. Susquehanna lifted their price objective on Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Morgan Stanley reissued an "underweight" rating and issued a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price target on Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research report on Friday, December 13th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Choice Hotels International presently has a consensus rating of "Hold" and a consensus target price of $140.67.

Remove Ads

Choice Hotels International Stock Up 2.0 %

Shares of Choice Hotels International stock traded up $2.81 during trading on Tuesday, reaching $145.04. 541,766 shares of the stock were exchanged, compared to its average volume of 426,178. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. Choice Hotels International has a 1 year low of $109.22 and a 1 year high of $157.86. The stock's fifty day moving average is $145.70 and its 200 day moving average is $139.83.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The business had revenue of $389.77 million during the quarter, compared to analysts' expectations of $374.24 million. Equities analysts forecast that Choice Hotels International will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International's dividend payout ratio (DPR) is 18.46%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

Several large investors have recently bought and sold shares of CHH. Raymond James Financial Inc. bought a new position in Choice Hotels International during the 4th quarter valued at about $48,201,000. Erste Asset Management GmbH purchased a new position in shares of Choice Hotels International during the third quarter valued at approximately $19,545,000. Balyasny Asset Management L.P. lifted its position in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after purchasing an additional 120,376 shares during the period. JPMorgan Chase & Co. boosted its holdings in Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock worth $52,419,000 after purchasing an additional 111,903 shares during the last quarter. Finally, Norges Bank bought a new stake in Choice Hotels International in the 4th quarter worth approximately $15,354,000. 65.57% of the stock is currently owned by institutional investors.

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.