Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of Choice Hotels International, Inc. (NYSE:CHHFree Report) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,248 shares of the company’s stock after selling 563 shares during the period. Teacher Retirement System of Texas’ holdings in Choice Hotels International were worth $643,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. purchased a new stake in shares of Choice Hotels International during the second quarter worth $27,000. Dark Forest Capital Management LP acquired a new stake in Choice Hotels International during the first quarter worth approximately $28,000. Itau Unibanco Holding S.A. acquired a new position in shares of Choice Hotels International in the 2nd quarter valued at $52,000. Captrust Financial Advisors boosted its holdings in shares of Choice Hotels International by 28.0% in the 2nd quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Choice Hotels International by 42.2% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock valued at $69,000 after purchasing an additional 168 shares during the last quarter. 68.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CHH shares. Robert W. Baird restated an “outperform” rating and set a $138.00 target price on shares of Choice Hotels International in a report on Monday, January 22nd. Jefferies Financial Group cut shares of Choice Hotels International from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $119.00 to $96.00 in a research report on Tuesday, January 2nd. Barclays upped their target price on shares of Choice Hotels International from $112.00 to $114.00 and gave the stock an “underweight” rating in a research report on Monday. HSBC initiated coverage on shares of Choice Hotels International in a report on Monday, October 23rd. They issued a “hold” rating and a $131.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of Choice Hotels International from an “underweight” rating to a “neutral” rating and set a $115.00 price objective for the company in a report on Thursday, December 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $124.60.

Get Our Latest Research Report on Choice Hotels International

Choice Hotels International Stock Performance

NYSE:CHH opened at $123.38 on Wednesday. Choice Hotels International, Inc. has a 1 year low of $109.19 and a 1 year high of $136.02. The firm’s fifty day simple moving average is $114.52 and its 200 day simple moving average is $119.60. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 19.21. The firm has a market capitalization of $6.14 billion, a PE ratio of 22.35, a PEG ratio of 1.44 and a beta of 1.23.

Choice Hotels International (NYSE:CHHGet Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.05). The company had revenue of $425.60 million during the quarter, compared to analyst estimates of $429.72 million. Choice Hotels International had a return on equity of 373.39% and a net margin of 18.42%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.01 EPS for the current year.

Choice Hotels International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.93%. This is a positive change from Choice Hotels International’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, December 29th. Choice Hotels International’s dividend payout ratio (DPR) is currently 20.83%.

About Choice Hotels International

(Free Report)

Choice Hotels International, Inc together with its subsidiaries, operates as a hotel franchisor. The company operates through Hotel Franchising & Management and Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, Ascend Hotel Collection, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites, Radisson Inn & Suites , Park Inn by Radisson, Radisson Individuals, and Radisson Collection.

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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