Shares of Red Lion Hotels Co. (NYSE:RLH) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $12.50 for the company and are expecting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also given Red Lion Hotels an industry rank of 75 out of 255 based on the ratings given to related companies.
Several research firms have recently commented on RLH. Zacks Investment Research raised Red Lion Hotels from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Tuesday, March 26th. TheStreet cut Red Lion Hotels from a “c” rating to a “d+” rating in a report on Wednesday, April 3rd. ValuEngine upgraded Red Lion Hotels from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, B. Riley set a $13.00 price target on Red Lion Hotels and gave the stock a “buy” rating in a research note on Monday, March 11th.
A number of institutional investors have recently bought and sold shares of RLH. BlackRock Inc. grew its position in Red Lion Hotels by 0.7% in the third quarter. BlackRock Inc. now owns 1,312,795 shares of the company’s stock worth $16,409,000 after acquiring an additional 9,332 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Red Lion Hotels by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,041,891 shares of the company’s stock worth $25,524,000 after buying an additional 30,204 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Red Lion Hotels by 6.7% during the third quarter. Vanguard Group Inc now owns 913,236 shares of the company’s stock worth $11,415,000 after buying an additional 57,301 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Red Lion Hotels by 7.9% during the fourth quarter. Royce & Associates LP now owns 820,871 shares of the company’s stock worth $6,731,000 after buying an additional 59,771 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Red Lion Hotels by 197.2% during the third quarter. Wells Fargo & Company MN now owns 97,552 shares of the company’s stock worth $1,220,000 after buying an additional 64,725 shares during the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
RLH opened at $8.01 on Monday. The company has a market cap of $197.25 million, a PE ratio of -17.80 and a beta of 0.93. Red Lion Hotels has a 52-week low of $6.92 and a 52-week high of $14.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.15.
Red Lion Hotels (NYSE:RLH) last released its earnings results on Friday, March 8th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The company had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $28.15 million. Red Lion Hotels had a negative return on equity of 9.57% and a net margin of 1.44%. As a group, equities analysts anticipate that Red Lion Hotels will post -0.02 EPS for the current year.
About Red Lion Hotels
Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, Knights Inn, and Country Hearth Inns & Suites brands.
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