Choice Hotels International (NYSE:CHH) Given New $137.00 Price Target at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its price objective trimmed by Robert W. Baird from $140.00 to $137.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Choice Hotels International from a hold rating to a sell rating in a research report on Wednesday, February 21st. Barclays lowered their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an underweight rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group upgraded shares of Choice Hotels International from an underperform rating to a buy rating and increased their price objective for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Finally, Truist Financial increased their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Choice Hotels International presently has a consensus rating of Hold and a consensus price target of $130.80.

Choice Hotels International Trading Up 0.1 %

Shares of NYSE CHH opened at $119.05 on Wednesday. The firm’s 50 day moving average price is $120.76 and its 200-day moving average price is $117.20. The company has a market cap of $5.91 billion, a PE ratio of 23.53, a P/E/G ratio of 1.93 and a beta of 1.21. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.09. The firm had revenue of $358.40 million for the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, equities research analysts expect that Choice Hotels International will post 6.46 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.97%. Choice Hotels International’s payout ratio is presently 22.73%.

Institutional Trading of Choice Hotels International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caprock Group LLC increased its stake in shares of Choice Hotels International by 2.7% in the third quarter. Caprock Group LLC now owns 3,300 shares of the company’s stock worth $405,000 after purchasing an additional 87 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Choice Hotels International by 1.5% in the third quarter. State of Michigan Retirement System now owns 6,632 shares of the company’s stock worth $812,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Choice Hotels International by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock worth $897,000 after purchasing an additional 100 shares in the last quarter. M&T Bank Corp increased its stake in shares of Choice Hotels International by 2.1% in the third quarter. M&T Bank Corp now owns 5,348 shares of the company’s stock worth $655,000 after purchasing an additional 109 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

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.