Choice Hotels International (NYSE:CHH) Stock Price Target Raised at Freedom Broker

Choice Hotels International (NYSE:CHH) had its target price lifted by Freedom Broker from $117.00 to $130.00 in a research note published on Thursday morning,Benzinga reports. Freedom Broker currently has a hold rating on the stock.

CHH has been the subject of several other research reports. Truist Financial upped their price target on shares of Choice Hotels International from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Wells Fargo & Company increased their target price on Choice Hotels International from $97.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, October 19th. UBS Group raised their target price on Choice Hotels International from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Susquehanna lifted their price target on Choice Hotels International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on Choice Hotels International from $119.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $115.79.

Choice Hotels International Stock Down 2.0%

Shares of NYSE CHH opened at $117.90 on Thursday. The firm’s 50-day moving average price is $104.97 and its 200-day moving average price is $107.32. The company has a current ratio of 1.26, a quick ratio of 0.93 and a debt-to-equity ratio of 16.52. Choice Hotels International has a 12-month low of $84.04 and a 12-month high of $123.82. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 2.76 and a beta of 0.65.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 2nd. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $458.33 million during the quarter, compared to analyst estimates of $447.56 million. Choice Hotels International had a net margin of 12.65% and a return on equity of 216.71%. Choice Hotels International’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. On average, equities research analysts anticipate that Choice Hotels International will post 6.94 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, October 1st. Choice Hotels International’s dividend payout ratio is presently 25.56%.

Insider Activity

In other Choice Hotels International news, CFO Scott Oaksmith sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $120.35, for a total transaction of $240,700.00. Following the completion of the transaction, the chief financial officer owned 31,172 shares in the company, valued at approximately $3,751,550.20. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dominic Dragisich sold 1,227 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $112.00, for a total transaction of $137,424.00. Following the transaction, the chief executive officer directly owned 90,055 shares of the company’s stock, valued at $10,086,160. This represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,284 shares of company stock valued at $919,122. Company insiders own 23.87% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of Choice Hotels International by 445.2% during the 3rd quarter. Versant Capital Management Inc now owns 398 shares of the company’s stock worth $41,000 after acquiring an additional 325 shares during the period. Bessemer Group Inc. boosted its holdings in Choice Hotels International by 485.9% in the 1st quarter. Bessemer Group Inc. now owns 539 shares of the company’s stock valued at $56,000 after purchasing an additional 447 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Choice Hotels International by 18.9% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $84,000 after purchasing an additional 121 shares during the last quarter. Signaturefd LLC grew its stake in shares of Choice Hotels International by 112.5% in the 3rd quarter. Signaturefd LLC now owns 1,101 shares of the company’s stock valued at $113,000 after buying an additional 583 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Choice Hotels International in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a global lodging franchisor that licenses its hotel brands to independent owners and operators. The company supports its franchisees through brand standards, reservation and distribution systems, marketing, loyalty programs, technology, and operational services rather than primarily owning and operating hotels itself.

Its portfolio includes brands serving a range of price points and travel needs, including Comfort, Quality Inn, Sleep Inn, Clarion, Econo Lodge, MainStay Suites, Suburban Studios, WoodSpring Suites, Cambria Hotels, and the Ascend Hotel Collection.