Choice Hotels International (NYSE:CHH) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Choice Hotels International (NYSE:CHH) from a sell rating to a hold rating in a research report released on Tuesday morning.

CHH has been the subject of a number of other reports. Truist Financial cut their target price on Choice Hotels International from $146.00 to $144.00 and set a hold rating for the company in a research report on Thursday, May 30th. Susquehanna began coverage on Choice Hotels International in a research report on Friday, June 21st. They set a neutral rating and a $125.00 target price for the company. JPMorgan Chase & Co. downgraded Choice Hotels International from a neutral rating to an underweight rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Choice Hotels International from $128.00 to $112.00 and set a hold rating for the company in a research report on Thursday, May 9th. Finally, Robert W. Baird dropped their price objective on Choice Hotels International from $137.00 to $134.00 and set an outperform rating for the company in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $130.18.

Choice Hotels International Stock Performance

Shares of NYSE CHH opened at $127.59 on Tuesday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s fifty day moving average price is $123.83 and its two-hundred day moving average price is $120.55. Choice Hotels International has a one year low of $108.91 and a one year high of $134.44. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 2.13 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 earnings per share. On average, equities analysts forecast that Choice Hotels International will post 6.46 EPS for the current year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the completion of the transaction, the insider now directly owns 23,461 shares in the company, valued at $2,934,501.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the completion of the sale, the insider now directly owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in Choice Hotels International by 144.4% during 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 during the period. Blue Trust Inc. grew its stake in Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the period. Covestor Ltd grew its stake in Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the period. Tortoise Investment Management LLC grew its stake in Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after purchasing an additional 141 shares during the period. Finally, Vima LLC acquired a new stake in Choice Hotels International during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

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.