Choice Hotels International (NYSE:CHH) Price Target Lowered to $120.00 at Argus

Choice Hotels International (NYSE:CHH) had its price objective decreased by Argus from $140.00 to $120.00 in a research note released on Friday morning,Benzinga reports. Argus currently has a buy rating on the stock.

Several other brokerages have also weighed in on CHH. Barclays lowered their target price on shares of Choice Hotels International from $101.00 to $99.00 and set an “underweight” rating on the stock in a research report on Friday. Bank of America lowered Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target on the stock. in a research note on Monday, September 29th. Morgan Stanley lowered their price target on Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Choice Hotels International in a report on Thursday, October 30th. Finally, UBS Group decreased their target price on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $125.38.

Choice Hotels International Stock Down 1.9%

CHH stock traded down $1.88 on Friday, reaching $98.50. 758,093 shares of the company’s stock were exchanged, compared to its average volume of 447,536. The stock has a fifty day moving average of $104.86 and a 200-day moving average of $119.25. The firm has a market cap of $4.56 billion, a PE ratio of 15.15, a P/E/G ratio of 6.60 and a beta of 0.84. Choice Hotels International has a twelve month low of $90.97 and a twelve month high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, November 5th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.08). Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The company had revenue of $447.34 million for the quarter, compared to analysts’ expectations of $419.75 million. During the same quarter in the previous year, the firm posted $2.23 earnings per share. Choice Hotels International’s revenue for the quarter was up 4.4% on a year-over-year basis. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. On average, equities research analysts predict that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Wednesday, October 1st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio is 14.13%.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its position in Choice Hotels International by 23.6% during the second quarter. Hantz Financial Services Inc. now owns 434 shares of the company’s stock worth $55,000 after acquiring an additional 83 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in Choice Hotels International by 2.2% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 4,367 shares of the company’s stock valued at $580,000 after acquiring an additional 92 shares during the last quarter. Teza Capital Management LLC lifted its stake in shares of Choice Hotels International by 5.0% during the 2nd quarter. Teza Capital Management LLC now owns 2,051 shares of the company’s stock worth $260,000 after purchasing an additional 98 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Choice Hotels International by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company’s stock worth $837,000 after purchasing an additional 100 shares during the last quarter. Finally, Malaga Cove Capital LLC grew its position in shares of Choice Hotels International by 5.4% in the second quarter. Malaga Cove Capital LLC now owns 1,955 shares of the company’s stock valued at $248,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds 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.