Choice Hotels International (NYSE:CHH) Price Target Raised to $130.00 at Susquehanna

Choice Hotels International (NYSE:CHH) had its target price boosted by Susquehanna from $125.00 to $130.00 in a research report released on Thursday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday. Robert W. Baird lifted their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group decreased their price target on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Barclays raised their price target on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group boosted their price objective on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $128.70.

Choice Hotels International Trading Up 0.6 %

Shares of Choice Hotels International stock traded up $0.93 during mid-day trading on Thursday, hitting $144.91. The stock had a trading volume of 302,238 shares, compared to its average volume of 481,131. The firm has a market cap of $6.84 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a 50-day moving average of $132.10 and a two-hundred day moving average of $124.43. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that Choice Hotels International will post 6.78 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Insiders Place Their Bets

In other news, CEO Patrick Pacious sold 26,816 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,551,123.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Patrick Pacious sold 26,816 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total value of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $58,551,123.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,245 shares of company stock valued at $8,746,500 over the last quarter. Company insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its holdings in Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after purchasing an additional 5,156 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock valued at $2,778,000 after buying an additional 8,485 shares in the last quarter. Twin Tree Management LP acquired a new position in Choice Hotels International during the first quarter worth $6,248,000. SG Americas Securities LLC grew its holdings in Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after acquiring an additional 6,384 shares during the period. Finally, Vanguard Group Inc. raised its position in Choice Hotels International by 7.7% in the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after acquiring an additional 195,956 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.