Choice Hotels International (NYSE:CHH) Given New $137.00 Price Target at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its target price trimmed by Robert W. Baird from $140.00 to $137.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

CHH has been the subject of several other research reports. Truist Financial raised their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a research note on Thursday, March 14th. Jefferies Financial Group raised shares of Choice Hotels International from an underperform rating to a buy rating and raised their price objective for the company from $96.00 to $156.00 in a research note on Monday, March 11th. Barclays lowered their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an underweight rating for the company in a research note on Friday, April 19th. Finally, StockNews.com lowered shares of Choice Hotels International from a hold rating to a sell rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $130.80.

Choice Hotels International Trading Up 0.1 %

Shares of CHH opened at $119.05 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $136.02. The firm has a 50-day moving average price of $120.76 and a 200 day moving average price of $117.20. The firm has a market capitalization of $5.91 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.93 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The firm had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Choice Hotels International’s quarterly revenue was down 1.0% on a year-over-year basis. Sell-side analysts forecast that Choice Hotels International will post 6.46 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.97%. Choice Hotels International’s dividend payout ratio is currently 22.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in Choice Hotels International by 2.7% in the third quarter. Caprock Group LLC now owns 3,300 shares of the company’s stock worth $405,000 after acquiring an additional 87 shares during the last quarter. State of Michigan Retirement System raised its holdings in Choice Hotels International by 1.5% during the third quarter. State of Michigan Retirement System now owns 6,632 shares of the company’s stock worth $812,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Choice Hotels International by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock worth $897,000 after purchasing an additional 100 shares in the last quarter. M&T Bank Corp raised its holdings in Choice Hotels International by 2.1% during the third quarter. M&T Bank Corp now owns 5,348 shares of the company’s stock worth $655,000 after purchasing an additional 109 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Choice Hotels International by 144.4% during the first 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. Hedge funds and other institutional investors own 65.57% of the company’s stock.

About Choice Hotels International

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.