Zacks Investment Research upgraded shares of Choice Hotels International, Inc. (NYSE:CHH) from a hold rating to a buy rating in a research report report published on Tuesday, October 17th. Zacks Investment Research currently has $76.00 target price on the stock.
According to Zacks, “Choice Hotels Int’l. is one of the largest hotel franchise companies in the world with hotels, inns, all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites. “
Other equities research analysts have also issued research reports about the stock. Barclays PLC reissued an underweight rating and issued a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Deutsche Bank AG lowered their target price on shares of Choice Hotels International from $68.00 to $66.00 and set a hold rating for the company in a research note on Thursday, August 3rd. Finally, BidaskClub raised shares of Choice Hotels International from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $63.14.
Shares of Choice Hotels International (NYSE:CHH) opened at 69.90 on Tuesday. The company has a 50 day moving average of $64.45 and a 200-day moving average of $63.79. Choice Hotels International has a 12-month low of $44.80 and a 12-month high of $70.00. The company has a market cap of $3.92 billion, a PE ratio of 25.82 and a beta of 1.12.
Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The business had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. During the same period in the prior year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International will post $2.85 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.23%. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.85%.
In other Choice Hotels International news, insider David A. Pepper sold 10,217 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.07, for a total transaction of $623,952.19. Following the sale, the insider now directly owns 79,010 shares in the company, valued at approximately $4,825,140.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bruce Bainum sold 7,977 shares of Choice Hotels International stock in a transaction on Friday, September 1st. The stock was sold at an average price of $62.15, for a total value of $495,770.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,320 shares of company stock worth $2,490,287. 22.01% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new position in shares of Choice Hotels International during the 1st quarter worth $446,000. Vanguard Group Inc. raised its stake in shares of Choice Hotels International by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock worth $163,158,000 after buying an additional 108,427 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Choice Hotels International by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 62,199 shares of the company’s stock worth $3,996,000 after buying an additional 5,876 shares during the last quarter. Marshall Wace North America L.P. raised its stake in shares of Choice Hotels International by 35.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 101,987 shares of the company’s stock worth $6,527,000 after buying an additional 26,436 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Choice Hotels International by 24.0% in the 1st quarter. Alliancebernstein L.P. now owns 19,663 shares of the company’s stock valued at $1,231,000 after purchasing an additional 3,800 shares during the last quarter. 50.30% of the stock is owned by institutional investors and hedge funds.
About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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