Jefferies Financial Group Cuts Choice Hotels International (NYSE:CHH) Price Target to $133.00

Choice Hotels International (NYSE:CHH) had its price objective lowered by research analysts at Jefferies Financial Group from $154.00 to $133.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 11.98% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Susquehanna upped their target price on Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Robert W. Baird upped their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley lifted their target price on Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 4th. Truist Financial upped their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a report on Friday, March 21st. Finally, StockNews.com lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.15.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock traded up $1.28 on Wednesday, reaching $118.77. The company had a trading volume of 22,896 shares, compared to its average volume of 409,883. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.90 and a beta of 1.08. The firm’s 50-day moving average price is $139.72 and its two-hundred day moving average price is $140.76. Choice Hotels International has a 1 year low of $109.22 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. As a group, analysts anticipate that Choice Hotels International will post 7.07 EPS for the current year.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.

Institutional Trading of Choice Hotels International

Large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after buying an additional 86 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Choice Hotels International in the third quarter worth $55,000. Tortoise Investment Management LLC raised its holdings in shares of Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after purchasing an additional 154 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Choice Hotels International by 836.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after purchasing an additional 393 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Choice Hotels International in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

About Choice Hotels International

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.