Choice Hotels International (NYSE:CHH) Price Target Raised to $155.00

Choice Hotels International (NYSE:CHH) had its price target hoisted by Susquehanna from $130.00 to $155.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley restated an “underweight” rating and set a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Truist Financial upped their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their target price on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average target price of $139.92.

Choice Hotels International Trading Down 2.3 %

Shares of CHH stock opened at $143.07 on Tuesday. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $157.86. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.90 and a beta of 1.23. The company’s 50-day moving average price is $145.42 and its 200-day moving average price is $139.05.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, equities research analysts predict that Choice Hotels International will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s payout ratio is 18.46%.

Insider Activity

In related news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

Several large investors have recently added to or reduced their stakes in CHH. Pictet Asset Management Holding SA grew its position in Choice Hotels International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company’s stock valued at $506,000 after acquiring an additional 74 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Choice Hotels International by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company’s stock valued at $1,838,000 after buying an additional 76 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after acquiring an additional 86 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Choice Hotels International by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company’s stock valued at $294,000 after purchasing an additional 90 shares during the last quarter. Finally, Occudo Quantitative Strategies LP grew its stake in Choice Hotels International by 3.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company’s stock valued at $435,000 after purchasing an additional 95 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.