Choice Hotels International (NYSE:CHH) Rating Lowered to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Choice Hotels International (NYSE:CHH) from a neutral rating to an underweight rating in a research report report published on Friday, Marketbeat.com reports. The brokerage currently has $120.00 price objective on the stock.

CHH has been the topic of several other research reports. Truist Financial lowered their price objective on shares of Choice Hotels International from $146.00 to $144.00 and set a hold rating on the stock in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a hold rating on the stock in a report on Thursday, May 9th. Barclays lowered their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an underweight rating for the company in a report on Friday, April 19th. Susquehanna initiated coverage on shares of Choice Hotels International in a report on Friday, June 21st. They issued a neutral rating and a $125.00 target price for the company. Finally, Robert W. Baird lowered their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an outperform rating for the company in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $131.20.

Choice Hotels International Stock Down 0.7 %

Shares of NYSE CHH opened at $126.58 on Friday. The firm has a market cap of $6.10 billion, a PE ratio of 27.16, a P/E/G ratio of 2.18 and a beta of 1.23. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $136.02. The company’s fifty day simple moving average is $118.33 and its 200 day simple moving average is $119.32. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.13. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The business had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. During the same period in the prior year, the firm earned $1.12 earnings per share. Choice Hotels International’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Choice Hotels International will post 6.46 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.91%. Choice Hotels International’s payout ratio is 24.68%.

Insider Transactions at Choice Hotels International

In related news, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total transaction of $146,151.94. Following the transaction, the insider now directly owns 38,502 shares of the company’s stock, valued at approximately $4,527,065.16. The disclosure for this sale can be found here. Insiders sold 27,619 shares of company stock worth $3,436,998 over the last quarter. Corporate insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Blue Trust Inc. grew its stake in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Covestor Ltd grew its stake in Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after buying an additional 142 shares in the last quarter. Vima LLC purchased a new position in Choice Hotels International in the 4th quarter worth approximately $36,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Choice Hotels International in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.