Choice Hotels International Inc (NYSE:CHH) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Friday, May 5th. They presently have a $65.00 target price on the stock. Morgan Stanley’s price target would suggest a potential upside of 1.07% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently issued reports on the stock. Barclays PLC reiterated a “sell” rating and set a $54.00 price objective on shares of Choice Hotels International in a research note on Tuesday, February 14th. Zacks Investment Research downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, April 14th. Finally, Telsey Advisory Group boosted their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Choice Hotels International has a consensus rating of “Hold” and an average target price of $56.86.
Choice Hotels International (NYSE:CHH) traded up 2.08% on Friday, reaching $64.31. 216,270 shares of the company were exchanged. Choice Hotels International has a 52 week low of $43.61 and a 52 week high of $66.75. The stock has a 50-day moving average price of $63.05 and a 200 day moving average price of $57.96. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 24.69 and a beta of 1.05.
Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Choice Hotels International had a net margin of 14.58% and a negative return on equity of 36.59%. The firm had revenue of $197.89 million during the quarter, compared to the consensus estimate of $216.24 million. During the same period in the previous year, the firm earned $0.37 earnings per share. Choice Hotels International’s revenue was down 4.5% compared to the same quarter last year. Analysts forecast that Choice Hotels International will post $2.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.34%. Choice Hotels International’s payout ratio is currently 36.13%.
In related news, insider Simone Wu sold 13,223 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $61.33, for a total value of $810,966.59. Following the sale, the insider now directly owns 33,007 shares of the company’s stock, valued at $2,024,319.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CHH. BlackRock Inc. boosted its stake in Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock valued at $146,706,000 after buying an additional 2,233,299 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock valued at $51,176,000 after buying an additional 814,977 shares in the last quarter. Capital Growth Management LP bought a new stake in Choice Hotels International during the first quarter valued at about $40,064,000. Vulcan Value Partners LLC bought a new stake in Choice Hotels International during the fourth quarter valued at about $33,152,000. Finally, Macquarie Group Ltd. bought a new stake in Choice Hotels International during the fourth quarter valued at about $27,308,000. 49.27% of the stock is currently owned by hedge funds and other institutional investors.
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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