Teacher Retirement System of Texas Boosts Stock Position in Choice Hotels International, Inc. $CHH

Teacher Retirement System of Texas increased its stake in Choice Hotels International, Inc. (NYSE:CHH) by 38.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,696 shares of the company’s stock after buying an additional 1,580 shares during the quarter. Teacher Retirement System of Texas’ holdings in Choice Hotels International were worth $723,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CHH. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Choice Hotels International by 0.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,981,731 shares of the company’s stock valued at $528,694,000 after buying an additional 25,487 shares in the last quarter. Vanguard Group Inc. increased its holdings in Choice Hotels International by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock worth $339,464,000 after acquiring an additional 133,216 shares during the period. Boston Trust Walden Corp lifted its stake in Choice Hotels International by 2.2% in the 2nd quarter. Boston Trust Walden Corp now owns 965,652 shares of the company’s stock worth $122,522,000 after purchasing an additional 20,524 shares in the last quarter. Millennium Management LLC bought a new position in Choice Hotels International in the 1st quarter valued at $49,799,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Choice Hotels International by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock worth $31,077,000 after purchasing an additional 7,159 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $98.50 on Friday. The stock has a market capitalization of $4.56 billion, a P/E ratio of 15.15, a PEG ratio of 6.60 and a beta of 0.84. Choice Hotels International, Inc. has a one year low of $90.97 and a one year high of $157.86. The firm’s 50 day simple moving average is $104.86 and its two-hundred day simple moving average is $119.25.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The business had revenue of $447.34 million during the quarter, compared to analysts’ expectations of $419.75 million. During the same period last year, the company posted $2.23 EPS. 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. As a group, equities analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is 14.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Argus decreased their target price on Choice Hotels International from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Choice Hotels International in a research report on Thursday, October 30th. Barclays dropped their target price on shares of Choice Hotels International from $101.00 to $99.00 and set an “underweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Choice Hotels International from $99.00 to $102.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Robert W. Baird dropped their price objective on shares of Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $125.38.

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.