Choice Hotels International, Inc. (NYSE:CHH) Upgraded to “Strong-Buy” by BidaskClub
BidaskClub upgraded shares of Choice Hotels International, Inc. (NYSE:CHH) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.
Several other research analysts also recently commented on CHH. Telsey Advisory Group lifted their target price on Choice Hotels International from $59.00 to $63.00 and gave the stock a market perform rating in a report on Friday, May 5th. Zacks Investment Research raised Choice Hotels International from a hold rating to a buy rating and set a $70.00 target price on the stock in a report on Tuesday, April 11th. Finally, Morgan Stanley downgraded Choice Hotels International from an overweight rating to an equal weight rating and set a $65.00 target price on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $62.57.
Choice Hotels International (NYSE CHH) traded up 0.89% during trading on Thursday, reaching $62.65. The company’s stock had a trading volume of 222,637 shares. Choice Hotels International has a 52-week low of $43.70 and a 52-week high of $67.80. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 23.15 and a beta of 1.11. The firm has a 50 day moving average price of $64.85 and a 200-day moving average price of $62.35.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a negative return on equity of 48.80% and a net margin of 16.11%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. On average, analysts expect that Choice Hotels International will post $2.85 earnings per share for the current year.
In other news, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total value of $1,072,852.48. Following the transaction, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total value of $2,774,014.08. Following the completion of the transaction, the chief executive officer now directly owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in Choice Hotels International by 5.2% in the first quarter. Wellington Management Group LLP now owns 2,675,223 shares of the company’s stock worth $167,469,000 after buying an additional 133,342 shares during the last quarter. Vanguard Group Inc. increased its stake in Choice Hotels International by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock worth $163,158,000 after buying an additional 108,427 shares during the last quarter. BlackRock Inc. increased its stake in Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Choice Hotels International by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 926,823 shares of the company’s stock worth $58,020,000 after buying an additional 27,318 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock worth $51,176,000 after buying an additional 814,977 shares during the last quarter. 49.58% of the stock is currently owned by institutional investors.
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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