Choice Hotels International (NYSE:CHH) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group cut shares of Choice Hotels International (NYSE:CHH) from a buy rating to a hold rating in a report issued on Wednesday morning, MarketBeat reports. They currently have $150.00 price objective on the stock.

Other analysts also recently issued research reports about the company. UBS Group cut their price target 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Robert W. Baird set a $138.00 price objective on Choice Hotels International in a research report on Thursday, October 17th. Finally, Truist Financial decreased their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $128.20.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $0.05 during mid-day trading on Wednesday, reaching $144.53. The company’s stock had a trading volume of 27,667 shares, compared to its average volume of 480,396. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The business has a 50 day moving average price of $131.78 and a 200-day moving average price of $124.29. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.27 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. Sell-side analysts predict that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 22.03%.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 in the last three months. 24.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

A number of large investors have recently made changes to their positions in CHH. State Board of Administration of Florida Retirement System grew its stake in Choice Hotels International by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after purchasing an additional 5,156 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after purchasing an additional 8,485 shares in the last quarter. Twin Tree Management LP acquired a new position in Choice Hotels International during the first quarter worth $6,248,000. SG Americas Securities LLC boosted its stake in shares of Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after acquiring an additional 6,384 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after purchasing an additional 195,956 shares during the last quarter. Institutional investors and hedge funds 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.