Choice Hotels International (NYSE:CHH) Price Target Cut to $134.00 by Analysts at Truist Financial

Choice Hotels International (NYSE:CHH) had its price objective lowered by Truist Financial from $144.00 to $134.00 in a report released on Wednesday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other research firms have also recently commented on CHH. StockNews.com upgraded Choice Hotels International from a sell rating to a hold rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Choice Hotels International from $128.00 to $112.00 and set a hold rating on the stock in a research note on Thursday, May 9th. Robert W. Baird cut their target price on Choice Hotels International from $137.00 to $134.00 and set an outperform rating on the stock in a research report on Monday, August 12th. Susquehanna initiated coverage on Choice Hotels International in a research report on Friday, June 21st. They set a neutral rating and a $125.00 price target for the company. Finally, UBS Group cut their price objective on Choice Hotels International from $126.00 to $125.00 and set a neutral rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $129.27.

Choice Hotels International Price Performance

NYSE:CHH opened at $125.85 on Wednesday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $134.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The company’s 50-day moving average is $124.27 and its two-hundred day moving average is $120.75.

Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The firm had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. Research analysts expect that Choice Hotels International will post 6.38 EPS for the current year.

Insiders Place Their Bets

In other news, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the sale, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the completion of the transaction, the insider now directly owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares in the company, valued at $8,608,330.95. The disclosure for this sale can be found here. 24.02% of the stock is owned by company insiders.

Institutional Trading of Choice Hotels International

A number of hedge funds have recently made changes to their positions in the stock. William B. Walkup & Associates Inc. bought a new position in Choice Hotels International during the 2nd quarter valued at $799,000. Algert Global LLC bought a new position in shares of Choice Hotels International during the second quarter worth about $387,000. Sepio Capital LP grew its stake in Choice Hotels International by 4.2% in the second quarter. Sepio Capital LP now owns 10,844 shares of the company’s stock worth $1,290,000 after purchasing an additional 433 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Choice Hotels International by 106.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 8,403 shares of the company’s stock valued at $1,000,000 after buying an additional 4,326 shares during the last quarter. Finally, Armistice Capital LLC raised its stake in Choice Hotels International by 25.5% during the second quarter. Armistice Capital LLC now owns 60,000 shares of the company’s stock valued at $7,140,000 after buying an additional 12,204 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Company Profile

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.