Choice Hotels International, Inc. (NYSE:CHH) Receives $129.09 Consensus Price Target from Analysts (2024)

Shares of Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $129.09.

A number of research analysts have recently commented on the company. Truist Financial dropped their price objective on Choice Hotels International from $146.00 to $144.00 and set a "hold" rating on the stock in a report on Thursday, May 30th. Susquehanna assumed coverage on Choice Hotels International in a report on Friday, June 21st. They issued a "neutral" rating and a $125.00 price objective on the stock. Robert W. Baird dropped their price objective on Choice Hotels International from $140.00 to $137.00 and set an "outperform" rating on the stock in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Choice Hotels International from $128.00 to $112.00 and set a "hold" rating on the stock in a research note on Thursday, May 9th. Finally, Barclays dropped their price target on Choice Hotels International from $122.00 to $114.00 and set an "underweight" rating on the stock in a research note on Friday, April 19th.

Check Out Our Latest Research Report on Choice Hotels International

Insider Buying and Selling

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the firm's stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the transaction, the insider now owns 38,502 shares of the company's stock, valued at $4,527,065.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 24.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

Several hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in Choice Hotels International by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company's stock worth $897,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Choice Hotels International by 1.7% in the first quarter. State of Michigan Retirement System now owns 6,032 shares of the company's stock valued at $762,000 after purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC grew its position 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 valued at $25,000 after purchasing an additional 117 shares during the period. Covestor Ltd increased its stake in Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Choice Hotels International by 6.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company's stock worth $545,000 after buying an additional 246 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Choice Hotels International Stock Up 1.6 %

CHH stock traded up $1.97 during mid-day trading on Thursday, reaching $123.15. The company had a trading volume of 506,021 shares, compared to its average volume of 547,156. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23. The firm has a fifty day simple moving average of $116.95 and a 200 day simple moving average of $118.51. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $136.02.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.13. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The company had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. During the same quarter last year, the company earned $1.12 EPS. Choice Hotels International's revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that Choice Hotels International will post 6.44 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.93%. Choice Hotels International's dividend payout ratio is presently 24.68%.

About Choice Hotels International

(Get Free Report

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.

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