Choice Hotels International, Inc. (NYSE:CHH) Stock Has Consensus Price Target of $115.46

Choice Hotels International, Inc. (NYSE:CHH) has been given a consensus recommendation of “Reduce” by the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $115.69.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Choice Hotels International from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Wells Fargo & Company raised their price target on shares of Choice Hotels International from $97.00 to $98.00 and gave the stock an “underweight” rating in a research note on Monday, October 19th. UBS Group raised their price target on shares of Choice Hotels International from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. Wedbush set a $130.00 price objective on shares of Choice Hotels International in a report on Thursday, November 5th. Finally, Truist Financial boosted their price objective on shares of Choice Hotels International from $128.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, September 10th.

Insider Activity at Choice Hotels International

In related news, Director William L. Jews sold 5,057 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $106.98, for a total transaction of $540,997.86. Following the completion of the sale, the director owned 23,987 shares of the company’s stock, valued at $2,566,129.26. This represents a 17.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dominic Dragisich sold 1,227 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $112.00, for a total value of $137,424.00. Following the completion of the sale, the chief executive officer directly owned 90,055 shares of the company’s stock, valued at approximately $10,086,160. This represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,284 shares of company stock worth $919,122. Company insiders own 23.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of Choice Hotels International by 1.7% during the second quarter. Wellington Management Group LLP now owns 669,693 shares of the company’s stock worth $73,847,000 after buying an additional 11,366 shares during the period. SummitTX Capital L.P. increased its position in shares of Choice Hotels International by 247.3% in the 1st quarter. SummitTX Capital L.P. now owns 125,122 shares of the company’s stock valued at $12,950,000 after acquiring an additional 89,096 shares during the period. Heartland Advisors Inc. acquired a new position in shares of Choice Hotels International in the 1st quarter valued at $6,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Choice Hotels International by 6.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,914 shares of the company’s stock valued at $10,466,000 after acquiring an additional 5,766 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in Choice Hotels International in the 2nd quarter worth $8,380,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

NYSE CHH opened at $120.19 on Friday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.82 and a beta of 0.65. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 16.52. The business has a 50-day moving average price of $105.71 and a 200-day moving average price of $107.52. Choice Hotels International has a twelve month low of $84.04 and a twelve month high of $123.82.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 2nd. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.04. The firm had revenue of $458.33 million during the quarter, compared to the consensus estimate of $447.56 million. Choice Hotels International had a return on equity of 216.71% and a net margin of 12.65%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 EPS. As a group, equities research analysts predict that Choice Hotels International will post 6.75 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

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

About Choice Hotels International

Choice Hotels International, Inc. is a hospitality company that primarily franchises hotels under a portfolio of brands serving a range of travelers, from economy and extended-stay guests to upscale customers. Its brands include Comfort, Quality Inn, Sleep Inn, Clarion, Cambria Hotels, Ascend Hotel Collection, Radisson, Everhome Suites, MainStay Suites, Suburban Studios and WoodSpring Suites. The company traces its roots to 1939, when a group of U.S. motel owners formed Quality Courts United, an organization that later became Choice Hotels.