Choice Hotels International Inc. (NYSE:CHH) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.00.
Several analysts have recently commented on CHH shares. Zacks Investment Research downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Wolfe Research started coverage on shares of Choice Hotels International in a report on Wednesday, July 6th. They issued a “market perform” rating on the stock. Morgan Stanley upgraded shares of Choice Hotels International from an “underweight” rating to an “equal weight” rating and set a $47.00 price target on the stock in a report on Monday, September 26th. Deutsche Bank AG reiterated a “hold” rating on shares of Choice Hotels International in a report on Sunday, June 26th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Choice Hotels International in a report on Monday, July 18th.
In related news, CEO Stephen P. Joyce sold 32,000 shares of Choice Hotels International stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $45.09, for a total transaction of $1,442,880.00. Following the completion of the transaction, the chief executive officer now directly owns 180,548 shares of the company’s stock, valued at approximately $8,140,909.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Patrick Cimerola sold 13,515 shares of Choice Hotels International stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $48.21, for a total transaction of $651,558.15. Following the transaction, the insider now directly owns 50,882 shares of the company’s stock, valued at $2,453,021.22. The disclosure for this sale can be found here. Corporate insiders own 22.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CHH. Vanguard Group Inc. boosted its position in Choice Hotels International by 6.0% in the second quarter. Vanguard Group Inc. now owns 2,339,733 shares of the company’s stock worth $111,418,000 after buying an additional 133,298 shares in the last quarter. Wellington Management Group LLP boosted its position in Choice Hotels International by 11.4% in the first quarter. Wellington Management Group LLP now owns 1,767,296 shares of the company’s stock worth $95,522,000 after buying an additional 180,342 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Choice Hotels International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 858,378 shares of the company’s stock worth $40,874,000 after buying an additional 95,036 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its position in Choice Hotels International by 6.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 762,789 shares of the company’s stock worth $36,324,000 after buying an additional 46,847 shares in the last quarter. Finally, BTIM Corp. boosted its position in Choice Hotels International by 61.8% in the second quarter. BTIM Corp. now owns 681,326 shares of the company’s stock worth $32,445,000 after buying an additional 260,282 shares in the last quarter. 49.91% of the stock is owned by hedge funds and other institutional investors.
Choice Hotels International (NYSE:CHH) traded down 0.22% during mid-day trading on Wednesday, reaching $45.75. 86,641 shares of the company’s stock traded hands. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 19.97 and a beta of 1.17. Choice Hotels International has a one year low of $40.78 and a one year high of $54.66. The firm’s 50-day moving average price is $46.13 and its 200 day moving average price is $47.90.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $241.80 million for the quarter, compared to the consensus estimate of $244.21 million. Choice Hotels International had a net margin of 14.32% and a negative return on equity of 33.53%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, equities analysts forecast that Choice Hotels International will post $2.40 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Monday, October 3rd were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.79%. Choice Hotels International’s dividend payout ratio is presently 36.28%.
About Choice Hotels International
Choice Hotels International, Inc (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.
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