Choice Hotels International, Inc. (NYSE:CHH) Stock Rating Lowered by BidaskClub
Choice Hotels International, Inc. (NYSE:CHH) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Barclays PLC reiterated an “underweight” rating and set a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. Deutsche Bank AG dropped their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call. Finally, Telsey Advisory Group upped their price objective on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Choice Hotels International has an average rating of “Hold” and an average price target of $62.57.
Shares of Choice Hotels International (NYSE:CHH) traded up 1.92% during trading on Friday, reaching $61.20. 203,013 shares of the company were exchanged. Choice Hotels International has a 52-week low of $43.70 and a 52-week high of $67.80. The stock has a market capitalization of $3.43 billion, a P/E ratio of 22.61 and a beta of 1.11. The stock has a 50-day moving average of $63.78 and a 200 day moving average of $62.59.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The company had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $254.68 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Choice Hotels International will post $2.85 earnings per share for the current fiscal year.
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In related news, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the transaction, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $62.88, for a total value of $2,774,014.08. Following the transaction, the chief executive officer now directly owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new position in Choice Hotels International during the first quarter worth $446,000. Vanguard Group Inc. raised its position in Choice Hotels International by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock worth $163,158,000 after buying an additional 108,427 shares during the last quarter. Swiss National Bank raised its position in Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock worth $3,760,000 after buying an additional 600 shares during the last quarter. Pacer Advisors Inc. raised its position in Choice Hotels International by 14.6% in the first quarter. Pacer Advisors Inc. now owns 6,329 shares of the company’s stock worth $396,000 after buying an additional 806 shares during the last quarter. Finally, Piermont Capital Management Inc. acquired a new position in Choice Hotels International during the first quarter worth $586,000. 49.70% of the stock is currently owned by institutional investors and hedge funds.
About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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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