Choice Hotels International, Inc. (NYSE:CHH) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently commented on the stock. Morgan Stanley downgraded shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Friday, May 5th. They noted that the move was a valuation call. Telsey Advisory Group upped their price target on shares of Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, July 5th. Barclays PLC restated an “underweight” rating and issued a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Finally, Deutsche Bank AG reduced their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $62.57.

Shares of Choice Hotels International (CHH) traded up 1.92% during midday trading on Friday, reaching $61.20. The company’s stock had a trading volume of 203,013 shares. Choice Hotels International has a 1-year low of $43.70 and a 1-year high of $67.80. The company has a market capitalization of $3.43 billion, a P/E ratio of 22.61 and a beta of 1.11. The stock has a 50 day moving average of $63.78 and a 200-day moving average of $62.59.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, equities research analysts anticipate that Choice Hotels International will post $2.85 earnings per share for the current year.

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In other Choice Hotels International news, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the completion of the sale, the chief executive officer now owns 176,943 shares in the company, valued at approximately $11,150,947.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the completion of the sale, the chief executive officer now owns 201,922 shares of the company’s stock, valued at approximately $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares during the last quarter. Victory Capital Management Inc. increased its stake in Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock worth $51,176,000 after buying an additional 814,977 shares during the last quarter. Capital Growth Management LP bought a new stake in Choice Hotels International during the first quarter worth about $40,064,000. Renaissance Technologies LLC increased its stake in Choice Hotels International by 159.2% in the first quarter. Renaissance Technologies LLC now owns 521,800 shares of the company’s stock worth $32,665,000 after buying an additional 320,500 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Choice Hotels International by 61.9% in the first quarter. Macquarie Group Ltd. now owns 788,863 shares of the company’s stock worth $49,383,000 after buying an additional 301,656 shares during the last quarter. Institutional investors own 49.70% of the company’s stock.

About Choice Hotels International

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.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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