Choice Hotels International (NYSE:CHH) Given New $137.00 Price Target at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its price objective decreased by Robert W. Baird from $140.00 to $137.00 in a report published on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Choice Hotels International from a hold rating to a sell rating in a research report on Wednesday, February 21st. Barclays lowered their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an underweight rating for the company in a research report on Friday, April 19th. Jefferies Financial Group raised shares of Choice Hotels International from an underperform rating to a buy rating and raised their price target for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Finally, Truist Financial raised their price target on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $130.80.

Choice Hotels International Stock Up 1.6 %

Shares of NYSE CHH opened at $119.06 on Wednesday. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $5.91 billion, a P/E ratio of 23.53, a P/E/G ratio of 2.00 and a beta of 1.21. The company has a 50 day simple moving average of $120.73 and a 200-day simple moving average of $117.25. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $136.02.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The firm had revenue of $358.40 million during the quarter, compared to analysts’ expectations of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. On average, equities research analysts predict that Choice Hotels International will post 6.45 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.97%. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.73%.

Institutional Investors Weigh In On Choice Hotels International

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. Vima LLC purchased a new stake in shares of Choice Hotels International during the 4th quarter worth $36,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Choice Hotels International during the 4th quarter worth $45,000. Principal Securities Inc. acquired a new stake in Choice Hotels International during the 4th quarter worth $48,000. Finally, Fifth Third Bancorp raised its stake in Choice Hotels International by 42.2% during the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after acquiring an additional 168 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

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.