Choice Hotels International (CHH) Hits New 52-Week High at $79.45

Choice Hotels International, Inc. (NYSE:CHH) shares hit a new 52-week high on Monday . The stock traded as high as $79.45 and last traded at $77.85, with a volume of 160200 shares traded. The stock had previously closed at $78.50.

Several research analysts have weighed in on CHH shares. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $71.00 target price on shares of Choice Hotels International in a research note on Friday, November 10th. Finally, Barclays increased their price target on shares of Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $66.71.

The stock has a market cap of $4,453.93, a PE ratio of 28.01, a PEG ratio of 3.24 and a beta of 1.17. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of -3.99.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The business had revenue of $295.09 million for the quarter, compared to analysts’ expectations of $288.50 million. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. analysts forecast that Choice Hotels International, Inc. will post 2.89 EPS for the current year.

In other news, major shareholder Bruce Bainum sold 250,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total transaction of $18,512,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.01% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its holdings in Choice Hotels International by 31.1% in the third quarter. GSA Capital Partners LLP now owns 44,287 shares of the company’s stock valued at $2,830,000 after acquiring an additional 10,501 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Choice Hotels International in the third quarter valued at approximately $1,096,000. California Public Employees Retirement System raised its holdings in Choice Hotels International by 9.5% in the third quarter. California Public Employees Retirement System now owns 97,198 shares of the company’s stock valued at $6,211,000 after acquiring an additional 8,398 shares in the last quarter. Caxton Associates LP acquired a new stake in Choice Hotels International in the third quarter valued at approximately $569,000. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in Choice Hotels International by 1,646.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 172,900 shares of the company’s stock valued at $11,048,000 after acquiring an additional 163,000 shares in the last quarter. 50.83% of the stock is currently owned by institutional investors and hedge funds.

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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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