Choice Hotels International (NYSE:CHH) Price Target Cut to $134.00

Choice Hotels International (NYSE:CHH) had its price objective reduced by Truist Financial from $144.00 to $134.00 in a research report report published on Wednesday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts also recently issued reports about the company. StockNews.com upgraded Choice Hotels International from a sell rating to a hold rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on Choice Hotels International from $128.00 to $112.00 and set a hold rating for the company in a report on Thursday, May 9th. UBS Group decreased their price objective on Choice Hotels International from $126.00 to $125.00 and set a neutral rating for the company in a report on Friday, August 9th. Barclays cut their target price on Choice Hotels International from $114.00 to $112.00 and set an underweight rating on the stock in a research note on Friday, August 9th. Finally, Susquehanna assumed coverage on Choice Hotels International in a research note on Friday, June 21st. They issued a neutral rating and a $125.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $129.27.

Choice Hotels International Stock Down 1.1 %

NYSE:CHH opened at $122.92 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock has a fifty day simple moving average of $124.47 and a 200-day simple moving average of $120.82. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $134.44.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data 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 the consensus estimate 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 business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Analysts anticipate that Choice Hotels International will post 6.38 EPS for the current year.

Insider Transactions at Choice Hotels International

In other news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 69,171 shares in the company, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 69,171 shares in the company, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the sale, the insider now owns 23,461 shares in the company, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

A number of large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in Choice Hotels International by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock valued at $897,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System boosted its position in Choice Hotels International by 1.7% in the first quarter. State of Michigan Retirement System now owns 6,032 shares of the company’s stock valued at $762,000 after buying an additional 100 shares during the last quarter. AGF Management Ltd. boosted its position in Choice Hotels International by 0.5% in the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after buying an additional 101 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Finally, MJP Associates Inc. ADV boosted its position in Choice Hotels International by 7.4% in the second quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock valued at $219,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Company Profile

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.