Robert W. Baird started coverage on shares of Choice Hotels International (NYSE:CHH) in a report published on Thursday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $97.00 price objective on the stock.

Several other equities analysts have also commented on CHH. Barclays upped their price target on shares of Choice Hotels International from $81.00 to $85.00 and gave the stock an underweight rating in a research report on Wednesday, August 14th. Deutsche Bank reiterated a hold rating and issued a $83.00 target price on shares of Choice Hotels International in a research report on Thursday, August 8th. Bank of America lowered shares of Choice Hotels International from a buy rating to a neutral rating and set a $86.07 target price for the company. in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Wells Fargo & Co increased their target price on shares of Choice Hotels International from $89.00 to $90.00 and gave the company a market perform rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research lowered shares of Choice Hotels International from a hold rating to a sell rating and set a $91.00 target price for the company. in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $85.64.

Choice Hotels International stock opened at $87.64 on Thursday. The company has a 50-day simple moving average of $87.88 and a 200-day simple moving average of $83.50. The firm has a market capitalization of $4.95 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.15 and a beta of 1.02. Choice Hotels International has a one year low of $66.71 and a one year high of $91.18.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The business had revenue of $317.68 million during the quarter, compared to analyst estimates of $304.70 million. Choice Hotels International had a net margin of 20.13% and a negative return on equity of 141.56%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 earnings per share. As a group, research analysts expect that Choice Hotels International will post 4.24 earnings per share for the current year.

In related news, insider Robert J. Mcdowell sold 11,585 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $88.37, for a total value of $1,023,766.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William L. Jews sold 8,750 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $84.11, for a total transaction of $735,962.50. Following the completion of the transaction, the director now owns 25,952 shares of the company’s stock, valued at approximately $2,182,822.72. The disclosure for this sale can be found here. Corporate insiders own 24.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CHH. Geode Capital Management LLC grew its stake in Choice Hotels International by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 313,296 shares of the company’s stock valued at $22,425,000 after acquiring an additional 12,542 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Choice Hotels International by 13.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,559 shares of the company’s stock valued at $199,000 after buying an additional 303 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Choice Hotels International by 0.3% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 288,452 shares of the company’s stock valued at $22,424,000 after buying an additional 950 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Choice Hotels International in the 1st quarter valued at approximately $76,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Choice Hotels International in the 1st quarter valued at approximately $205,000. Hedge funds and other institutional investors own 60.01% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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