StockNews.com Upgrades Choice Hotels International (NYSE:CHH) to “Hold”

Choice Hotels International (NYSE:CHH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities analysts have also issued reports on CHH. UBS Group lowered their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Barclays reduced their target price on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Robert W. Baird lowered their price target on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, Truist Financial reduced their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $129.27.

Choice Hotels International Stock Performance

NYSE CHH opened at $122.92 on Thursday. The company has a fifty day moving average of $124.47 and a two-hundred day moving average of $120.82. The company has a market capitalization of $5.92 billion, a PE ratio of 26.38, a P/E/G ratio of 2.12 and a beta of 1.25. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $134.44. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. As a group, analysts expect that Choice Hotels International will post 6.38 earnings per share for the current year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now owns 69,171 shares in the company, valued at approximately $8,608,330.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now directly owns 23,461 shares in the company, valued at $2,934,501.88. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares during the period. Blue Trust Inc. grew its holdings in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Covestor Ltd increased its position in shares of Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares during the last quarter. Finally, Vima LLC purchased a new stake in shares of Choice Hotels International in the 4th quarter worth about $36,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.