Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Choice Hotels International (NYSE:CHH) had its price target boosted by The Goldman Sachs Group from $105.00 to $118.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

CHH has been the subject of several other research reports. UBS Group decreased their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Robert W. Baird set a $138.00 target price on shares of Choice Hotels International in a research report on Thursday, October 17th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a report on Friday, July 19th. Finally, Truist Financial cut their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $128.70.

Choice Hotels International Price Performance

CHH stock opened at $144.91 on Tuesday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.99. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $149.75. The stock has a market capitalization of $6.84 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company’s 50-day moving average is $132.45 and its 200-day moving average is $124.63.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 EPS. Equities research analysts expect that Choice Hotels International will post 6.78 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the transaction, the insider now owns 18,084 shares in the company, valued at $2,441,340. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,245 shares of company stock worth $8,746,500 in the last 90 days. 24.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC increased its position in shares of Choice Hotels International by 12.9% in the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after acquiring an additional 96 shares during the period. AGF Management Ltd. boosted its stake in shares of Choice Hotels International by 0.5% during the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank boosted its stake in shares of Choice Hotels International by 4.7% during the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock valued at $295,000 after purchasing an additional 101 shares in the last quarter. Aurora Investment Managers LLC. boosted its stake in shares of Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after purchasing an additional 113 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 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.