Choice Hotels International (CHH) Given a $83.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a $83.00 price objective on Choice Hotels International (NYSE:CHH) in a research report sent to investors on Friday. The firm currently has a hold rating on the stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Choice Hotels International to $71.00 and set an underweight rating on the stock in a research report on Friday. Longbow Research assumed coverage on shares of Choice Hotels International in a research report on Friday, September 7th. They issued a buy rating and a $95.00 price target on the stock. Wells Fargo & Co restated a hold rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Zacks Investment Research lowered shares of Choice Hotels International from a strong-buy rating to a hold rating in a research report on Wednesday, July 18th. Finally, TheStreet upgraded shares of Choice Hotels International from a c+ rating to a b- rating in a research report on Friday, September 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $82.89.

Shares of Choice Hotels International stock traded up $0.46 during trading on Friday, hitting $78.10. 340,949 shares of the company’s stock traded hands, compared to its average volume of 398,072. Choice Hotels International has a twelve month low of $69.06 and a twelve month high of $85.35. The firm has a market cap of $4.37 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. Choice Hotels International had a net margin of 14.08% and a negative return on equity of 87.57%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $321.69 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Sell-side analysts predict that Choice Hotels International will post 3.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Tuesday, October 2nd were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, October 1st. Choice Hotels International’s dividend payout ratio is presently 29.86%.

In other Choice Hotels International news, CEO Patrick Pacious sold 35,350 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $82.33, for a total value of $2,910,365.50. Following the completion of the transaction, the chief executive officer now directly owns 139,498 shares of the company’s stock, valued at $11,484,870.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Patrick Cimerola sold 5,180 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $81.91, for a total transaction of $424,293.80. Following the completion of the transaction, the insider now directly owns 20,829 shares of the company’s stock, valued at $1,706,103.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,323 shares of company stock valued at $4,553,317. Insiders own 22.01% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CHH. UBS Group AG raised its stake in shares of Choice Hotels International by 21.6% in the first quarter. UBS Group AG now owns 35,341 shares of the company’s stock worth $2,833,000 after acquiring an additional 6,269 shares during the last quarter. Guggenheim Capital LLC bought a new position in shares of Choice Hotels International in the first quarter worth about $1,384,000. Royal Bank of Canada raised its stake in shares of Choice Hotels International by 116.0% during the first quarter. Royal Bank of Canada now owns 28,059 shares of the company’s stock worth $2,249,000 after buying an additional 15,071 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Choice Hotels International by 32.2% during the second quarter. State of Alaska Department of Revenue now owns 4,060 shares of the company’s stock worth $306,000 after buying an additional 990 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Choice Hotels International by 23.2% during the second quarter. Xact Kapitalforvaltning AB now owns 5,851 shares of the company’s stock worth $442,000 after buying an additional 1,100 shares during the last quarter. 54.07% of the stock is owned by institutional investors.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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