Choice Hotels International (NYSE:CHH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $90.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.56% from the stock’s previous close.

According to Zacks, “Choice Hotels Int’l. is one of the largest hotel franchise companies in the world with hotels, inns, all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites. “

A number of other equities research analysts have also recently commented on CHH. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. SunTrust Banks reissued a “hold” rating and set a $71.00 target price on shares of Choice Hotels International in a research report on Friday, November 10th. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 target price for the company. in a research report on Wednesday, December 13th. Finally, Barclays increased their target price on shares of Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $69.13.

Shares of Choice Hotels International (NYSE:CHH) traded down $0.70 on Tuesday, hitting $79.25. 275,444 shares of the stock traded hands, compared to its average volume of 259,150. Choice Hotels International has a 52-week low of $53.40 and a 52-week high of $80.55. The stock has a market cap of $4,490.00, a PE ratio of 29.35, a PEG ratio of 2.49 and a beta of 1.17. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.03. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The firm had revenue of $295.09 million during the quarter, compared to analysts’ expectations of $288.50 million. During the same quarter in the prior year, the company earned $0.84 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. equities analysts expect that Choice Hotels International will post 2.89 earnings per share for the current fiscal year.

In other Choice Hotels International news, major shareholder Bruce Bainum sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total transaction of $18,512,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick Pacious sold 11,149 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $75.78, for a total transaction of $844,871.22. Following the transaction, the chief executive officer now owns 124,073 shares in the company, valued at approximately $9,402,251.94. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Choice Hotels International by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock valued at $180,173,000 after purchasing an additional 197,890 shares in the last quarter. Victory Capital Management Inc. increased its stake in Choice Hotels International by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock valued at $73,386,000 after purchasing an additional 162,255 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Choice Hotels International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 946,179 shares of the company’s stock valued at $60,461,000 after purchasing an additional 20,667 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Choice Hotels International by 4.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 888,607 shares of the company’s stock valued at $57,093,000 after purchasing an additional 35,925 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Choice Hotels International by 7.3% during the 3rd quarter. Macquarie Group Ltd. now owns 879,613 shares of the company’s stock valued at $56,207,000 after purchasing an additional 60,156 shares in the last quarter. Institutional investors and hedge funds own 50.76% of the company’s stock.

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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.

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