Choice Hotels (NYSE:CHH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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 research analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $72.00 price objective (down from $73.00) on shares of Choice Hotels in a report on Wednesday, February 21st. UBS upgraded shares of Choice Hotels from a “sell” rating to a “neutral” rating in a report on Monday, February 26th. Wells Fargo reiterated a “market perform” rating and set a $88.00 price objective (up from $86.00) on shares of Choice Hotels in a report on Wednesday, February 21st. SunTrust Banks increased their price objective on shares of Choice Hotels to $82.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $81.00 price objective (down from $83.00) on shares of Choice Hotels in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company’s stock. Choice Hotels has a consensus rating of “Hold” and a consensus target price of $77.13.
Choice Hotels (CHH) opened at $83.60 on Tuesday. The stock has a market cap of $4,727.45, a PE ratio of 41.18, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of -3.42. Choice Hotels has a 1-year low of $59.60 and a 1-year high of $85.35.
Choice Hotels (NYSE:CHH) last released its earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. The company had revenue of $237.57 million for the quarter, compared to analyst estimates of $227.65 million. Choice Hotels had a net margin of 11.40% and a negative return on equity of 68.40%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. equities research analysts predict that Choice Hotels will post 3.64 earnings per share for the current year.
In related news, insider Robert J. Mcdowell sold 7,392 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $81.17, for a total value of $600,008.64. Following the transaction, the insider now owns 31,377 shares in the company, valued at $2,546,871.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William L. Jews sold 3,250 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $78.26, for a total transaction of $254,345.00. Following the completion of the transaction, the director now owns 37,799 shares in the company, valued at approximately $2,958,149.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,995 shares of company stock worth $4,992,967. Insiders own 22.01% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Choice Hotels by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after buying an additional 106 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Choice Hotels by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,311 shares of the company’s stock valued at $179,000 after buying an additional 700 shares during the period. State of Alaska Department of Revenue purchased a new position in Choice Hotels in the fourth quarter valued at approximately $186,000. Franklin Resources Inc. purchased a new position in Choice Hotels in the fourth quarter valued at approximately $202,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Choice Hotels in the fourth quarter valued at approximately $221,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.
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Choice Hotels Company Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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