Choice Hotels International, Inc. (CHH) Upgraded at TheStreet
Choice Hotels International, Inc. (NYSE:CHH) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Wednesday.
Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Wednesday, July 5th. Deutsche Bank AG cut their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Finally, Barclays PLC reissued an “underweight” rating and set a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Choice Hotels International presently has a consensus rating of “Hold” and a consensus target price of $63.14.
Choice Hotels International (NYSE CHH) opened at 68.45 on Wednesday. Choice Hotels International has a 12 month low of $44.10 and a 12 month high of $68.80. The firm has a 50-day moving average price of $63.83 and a 200 day moving average price of $63.63. The company has a market cap of $3.84 billion, a P/E ratio of 25.29 and a beta of 1.12.
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, beating the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, equities analysts expect that Choice Hotels International will post $2.85 earnings per share for the current year.
In related news, major shareholder Bruce Bainum sold 20,770 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total transaction of $1,287,740.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Pepper sold 1,071 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total value of $65,427.39. Following the sale, the insider now directly owns 69,864 shares in the company, valued at approximately $4,267,991.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,320 shares of company stock worth $2,490,287. 22.01% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in CHH. California State Teachers Retirement System raised its position in Choice Hotels International by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 65,659 shares of the company’s stock worth $3,310,000 after purchasing an additional 1,032 shares during the last quarter. Sei Investments Co. raised its position in Choice Hotels International by 0.6% during the 4th quarter. Sei Investments Co. now owns 23,840 shares of the company’s stock worth $1,202,000 after purchasing an additional 143 shares during the last quarter. Rhumbline Advisers raised its position in Choice Hotels International by 4.1% during the 4th quarter. Rhumbline Advisers now owns 39,419 shares of the company’s stock worth $1,987,000 after purchasing an additional 1,549 shares during the last quarter. TD Asset Management Inc. raised its position in Choice Hotels International by 6.5% during the 4th quarter. TD Asset Management Inc. now owns 103,000 shares of the company’s stock worth $5,192,000 after purchasing an additional 6,300 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Choice Hotels International by 2.8% during the 4th quarter. California Public Employees Retirement System now owns 92,700 shares of the company’s stock worth $4,673,000 after purchasing an additional 2,500 shares during the last quarter. 50.26% of the stock is owned by institutional investors and hedge funds.
Choice Hotels International Company Profile
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.
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