Choice Hotels International (NYSE:CHH) Stock Rating Upgraded by StockNews.com

Choice Hotels International (NYSE:CHH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research note on Friday, July 19th. UBS Group decreased their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barclays lowered their price objective on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, Robert W. Baird lowered their price target on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $129.27.

Choice Hotels International Trading Down 1.1 %

CHH opened at $122.92 on Thursday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The company’s 50 day simple moving average is $124.47 and its two-hundred day simple moving average is $120.82. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $134.44. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The company had revenue of $435.20 million for the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.75 EPS. Analysts expect that Choice Hotels International will post 6.38 EPS for the current fiscal year.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares in the company, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the transaction, the executive vice president now owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the sale, the insider now directly owns 23,461 shares in the company, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Choice Hotels International by 144.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock worth $106,402,000 after buying an additional 554,479 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after acquiring an additional 195,956 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after acquiring an additional 145,893 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Choice Hotels International by 51.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after acquiring an additional 90,765 shares in the last quarter. 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.