Choice Hotels International (NYSE:CHH) Research Coverage Started at Redburn Partners

Redburn Partners started coverage on shares of Choice Hotels International (NYSE:CHHGet Rating) in a research note released on Wednesday morning, The Fly reports. The brokerage issued a sell rating on the stock.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Choice Hotels International from $126.00 to $110.00 and set an underweight rating on the stock in a research note on Tuesday, August 9th. Wells Fargo & Company lowered shares of Choice Hotels International from an equal weight rating to an underweight rating and cut their price objective for the stock from $130.00 to $123.00 in a research note on Monday, August 29th. Robert W. Baird increased their price objective on shares of Choice Hotels International from $129.00 to $133.00 and gave the stock a neutral rating in a research note on Thursday, September 15th. StockNews.com assumed coverage on shares of Choice Hotels International in a research report on Wednesday, October 12th. They set a hold rating on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Choice Hotels International from $117.00 to $112.00 in a research report on Tuesday, November 8th. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, Choice Hotels International presently has an average rating of Reduce and a consensus target price of $121.38.

Choice Hotels International Trading Down 1.3 %

NYSE CHH opened at $121.90 on Wednesday. The company has a fifty day simple moving average of $120.01 and a two-hundred day simple moving average of $118.46. The stock has a market cap of $6.50 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.09 and a beta of 1.25. Choice Hotels International has a 12-month low of $104.15 and a 12-month high of $157.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.06.

Choice Hotels International (NYSE:CHHGet Rating) last posted its quarterly earnings results on Monday, November 7th. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.13). The company had revenue of $414.30 million during the quarter, compared to analysts’ expectations of $374.90 million. Choice Hotels International had a return on equity of 87.75% and a net margin of 25.72%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 EPS. On average, analysts forecast that Choice Hotels International will post 5.17 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Monday, October 3rd were given a $0.2375 dividend. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.95 annualized dividend and a dividend yield of 0.78%. Choice Hotels International’s dividend payout ratio (DPR) is 15.63%.

Insider Activity

In other news, insider Patrick Cimerola sold 6,723 shares of Choice Hotels International stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $117.16, for a total value of $787,666.68. Following the sale, the insider now owns 24,612 shares in the company, valued at $2,883,541.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Brian Bainum sold 30,000 shares of Choice Hotels International stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $122.44, for a total value of $3,673,200.00. Following the sale, the director now owns 14,196 shares in the company, valued at $1,738,158.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 6,723 shares of Choice Hotels International stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $117.16, for a total transaction of $787,666.68. Following the completion of the sale, the insider now owns 24,612 shares in the company, valued at approximately $2,883,541.92. The disclosure for this sale can be found here. Insiders have sold a total of 49,788 shares of company stock worth $6,067,739 over the last 90 days. 20.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Choice Hotels International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bridgefront Capital LLC purchased a new position in shares of Choice Hotels International in the third quarter worth about $307,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Choice Hotels International in the third quarter worth about $6,039,000. Captrust Financial Advisors lifted its stake in shares of Choice Hotels International by 1,201.7% in the third quarter. Captrust Financial Advisors now owns 7,797 shares of the company’s stock worth $854,000 after buying an additional 7,198 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Choice Hotels International in the third quarter worth about $738,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Choice Hotels International in the third quarter worth about $73,000. 61.37% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

(Get Rating)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & 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, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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