Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 19.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,870 shares of the company’s stock after acquiring an additional 623 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Choice Hotels International were worth $439,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Savoir Faire Capital Management L.P. bought a new position in shares of Choice Hotels International during the third quarter worth about $4,848,000. Tudor Investment Corp Et Al grew its position in shares of Choice Hotels International by 34.5% during the third quarter. Tudor Investment Corp Et Al now owns 126,409 shares of the company’s stock worth $15,486,000 after acquiring an additional 32,456 shares during the last quarter. Morgan Stanley grew its position in shares of Choice Hotels International by 7.0% during the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock worth $389,298,000 after acquiring an additional 207,019 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Choice Hotels International by 1.2% during the third quarter. Townsquare Capital LLC now owns 30,992 shares of the company’s stock worth $3,797,000 after acquiring an additional 367 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Choice Hotels International by 2.6% during the third quarter. Mercer Global Advisors Inc. ADV now owns 7,226 shares of the company’s stock worth $885,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

NYSE:CHH opened at $116.35 on Friday. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.02. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. The company has a 50-day moving average of $120.80 and a 200-day moving average of $117.30. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The company had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts forecast that Choice Hotels International, Inc. will post 6.45 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s dividend payout ratio is presently 22.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial upped their price target on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Robert W. Baird reiterated an “outperform” rating and issued a $138.00 target price on shares of Choice Hotels International in a research report on Monday, January 22nd. StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Barclays decreased their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and increased their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International currently has an average rating of “Hold” and an average price target of $130.90.

About Choice Hotels International

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.