Shares of Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) have received a consensus rating of “Reduce” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $131.31.
CHH has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Choice Hotels International from a “sell” rating to a “buy” rating and cut their price target for the stock from $141.00 to $138.00 in a research note on Monday, April 14th. Barclays lowered their price objective on shares of Choice Hotels International from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Tuesday, April 22nd. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the stock a “neutral” rating in a report on Friday, May 16th. Redburn Atlantic upgraded shares of Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 price objective for the company in a report on Monday, March 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating for the company in a report on Tuesday, March 4th.
View Our Latest Research Report on Choice Hotels International
Choice Hotels International Price Performance
Choice Hotels International (NYSE:CHH – Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The company had revenue of $332.86 million during the quarter, compared to analysts’ expectations of $348.52 million. During the same period in the prior year, the firm earned $1.28 EPS. Choice Hotels International’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts expect that Choice Hotels International will post 7.07 EPS for the current fiscal year.
Choice Hotels International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.92%. Choice Hotels International’s dividend payout ratio is currently 17.56%.
Insider Activity at Choice Hotels International
In related news, Director Ervin R. Shames sold 2,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.56, for a total transaction of $259,120.00. Following the completion of the sale, the director now directly owns 52,212 shares in the company, valued at $6,764,586.72. This represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 23.78% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in Choice Hotels International by 56.9% during the 4th quarter. Barclays PLC now owns 17,902 shares of the company’s stock valued at $2,541,000 after purchasing an additional 6,493 shares during the period. Charles Schwab Investment Management Inc. increased its position in Choice Hotels International by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company’s stock valued at $39,634,000 after purchasing an additional 2,725 shares during the period. OFI Invest Asset Management purchased a new position in Choice Hotels International during the 4th quarter valued at $2,258,000. SG Americas Securities LLC increased its position in Choice Hotels International by 492.4% during the 1st quarter. SG Americas Securities LLC now owns 5,207 shares of the company’s stock valued at $691,000 after purchasing an additional 4,328 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Choice Hotels International during the 4th quarter valued at $1,895,000. 65.57% of the stock is owned by hedge funds and other institutional investors.
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.
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