Choice Hotels International Inc (CHH) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Choice Hotels International Inc (NYSE:CHH) have received an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $69.13.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Tuesday, January 9th. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target on the stock. in a research note on Wednesday, December 13th. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. SunTrust Banks restated a “hold” rating and set a $71.00 price target on shares of Choice Hotels International in a research note on Friday, November 10th. Finally, Barclays boosted their price target on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 7th.

In related news, major shareholder Bruce Bainum sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total value of $18,512,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $844,871.22. Following the completion of the sale, 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. 22.01% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. APG Asset Management N.V. purchased a new stake in Choice Hotels International in the 4th quarter worth approximately $750,000. First Quadrant L P CA boosted its position in Choice Hotels International by 110.5% in the 4th quarter. First Quadrant L P CA now owns 36,262 shares of the company’s stock worth $2,814,000 after purchasing an additional 19,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Choice Hotels International in the 4th quarter worth approximately $186,000. Acadian Asset Management LLC purchased a new stake in Choice Hotels International in the 4th quarter worth approximately $1,241,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Choice Hotels International by 0.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 169,762 shares of the company’s stock worth $13,174,000 after purchasing an additional 1,588 shares in the last quarter. Institutional investors and hedge funds own 50.77% of the company’s stock.

Shares of Choice Hotels International (NYSE CHH) traded up $0.70 during mid-day trading on Friday, hitting $82.25. The stock had a trading volume of 229,294 shares, compared to its average volume of 188,532. Choice Hotels International has a 1-year low of $54.90 and a 1-year high of $82.40. The stock has a market capitalization of $4,615.23, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18. 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 issued its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The business had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. equities analysts expect that Choice Hotels International will post 2.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd were given a $0.215 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.05%. Choice Hotels International’s dividend payout ratio is currently 31.85%.

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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.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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