Brokerages Set Choice Hotels International, Inc. (NYSE:CHH) Target Price at $136.33

Choice Hotels International, Inc. (NYSE:CHH) has been assigned a consensus rating of “Reduce” from the twelve brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $139.92.

Several analysts have recently issued reports on CHH shares. The Goldman Sachs Group upped their price objective on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Robert W. Baird upped their price target on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial increased their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Finally, Barclays increased their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st.

Insider Transactions at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

A number of hedge funds and other institutional investors have recently bought and sold shares of CHH. Blue Trust Inc. grew its holdings in shares of Choice Hotels International by 81.4% in the third quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after purchasing an additional 179 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after buying an additional 86 shares during the period. Anchor Investment Management LLC bought a new position in Choice Hotels International in the 3rd quarter worth about $55,000. Tortoise Investment Management LLC increased its position in shares of Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after acquiring an additional 154 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Choice Hotels International by 836.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after acquiring an additional 393 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

Shares of NYSE CHH opened at $143.07 on Friday. The company has a market cap of $6.69 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.90 and a beta of 1.23. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $157.86. The firm’s fifty day moving average is $145.42 and its two-hundred day moving average is $139.05.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, analysts forecast that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.80%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

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.