Choice Hotels (CHH) Receives Average Rating of “Hold” from Analysts

Choice Hotels (NYSE:CHH) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $75.29.

Several brokerages recently commented on CHH. ValuEngine raised Choice Hotels from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised Choice Hotels from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Tuesday, January 9th. TheStreet cut Choice Hotels from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $81.00 target price (down from $83.00) on shares of Choice Hotels in a research report on Wednesday, February 21st. Finally, SunTrust Banks raised their target price on Choice Hotels to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st.

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In other Choice Hotels news, Director William L. Jews sold 3,250 shares of Choice Hotels stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $78.26, for a total transaction of $254,345.00. Following the completion of the transaction, the director now directly owns 37,799 shares of the company’s stock, valued at $2,958,149.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Simone Wu sold 10,203 shares of Choice Hotels stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.88, for a total value of $804,812.64. Following the transaction, the senior vice president now directly owns 30,298 shares of the company’s stock, valued at $2,389,906.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,995 shares of company stock valued at $4,992,967. 24.38% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Choice Hotels by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after acquiring an additional 106 shares during the period. Fenimore Asset Management Inc. increased its stake in shares of Choice Hotels by 0.4% in the fourth quarter. Fenimore Asset Management Inc. now owns 183,750 shares of the company’s stock valued at $14,259,000 after buying an additional 675 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Choice Hotels by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,311 shares of the company’s stock valued at $179,000 after buying an additional 700 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Choice Hotels by 28.8% in the fourth quarter. Verition Fund Management LLC now owns 4,545 shares of the company’s stock valued at $353,000 after buying an additional 1,015 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Choice Hotels by 2.1% in the fourth quarter. Swiss National Bank now owns 62,567 shares of the company’s stock valued at $4,855,000 after buying an additional 1,300 shares in the last quarter. 51.51% of the stock is owned by institutional investors.

Shares of CHH traded up $0.80 during mid-day trading on Thursday, hitting $82.15. The company’s stock had a trading volume of 164,529 shares, compared to its average volume of 251,327. Choice Hotels has a one year low of $59.60 and a one year high of $85.35. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of -3.42. The stock has a market capitalization of $4,531.06, a price-to-earnings ratio of 28.25, a P/E/G ratio of 2.20 and a beta of 1.08.

Choice Hotels (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. Choice Hotels had a negative return on equity of 68.40% and a net margin of 11.40%. The company had revenue of $237.57 million during the quarter, compared to analysts’ expectations of $227.65 million. During the same period in the prior year, the business earned $0.56 earnings per share. Choice Hotels’s revenue for the quarter was up 14.1% compared to the same quarter last year. equities analysts predict that Choice Hotels will post 3.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Monday, April 2nd will be given a $0.215 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.86 annualized dividend and a yield of 1.05%. Choice Hotels’s dividend payout ratio (DPR) is currently 29.86%.

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About Choice Hotels

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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.

Analyst Recommendations for Choice Hotels (NYSE:CHH)

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