Choice Hotels International (NYSE:CHH) had its price target lowered by JPMorgan Chase & Co. to $71.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also recently commented on CHH. Zacks Investment Research cut Choice Hotels International from a strong-buy rating to a hold rating in a research report on Wednesday, July 18th. Wells Fargo & Co restated a hold rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Longbow Research started coverage on Choice Hotels International in a research report on Friday, September 7th. They issued a buy rating and a $95.00 price target for the company. ValuEngine upgraded Choice Hotels International from a hold rating to a buy rating in a research report on Saturday, September 22nd. Finally, TheStreet upgraded Choice Hotels International from a c+ rating to a b- rating in a research report on Friday, September 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Choice Hotels International currently has an average rating of Hold and a consensus target price of $82.89.

CHH stock traded up $0.46 during trading on Friday, reaching $78.10. The stock had a trading volume of 340,949 shares, compared to its average volume of 398,072. Choice Hotels International has a 52 week low of $69.06 and a 52 week high of $85.35. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.42 and a beta of 1.06.

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

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

In related news, CEO Patrick Pacious sold 35,350 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $82.33, for a total transaction of $2,910,365.50. Following the completion of the sale, the chief executive officer now owns 139,498 shares in the company, valued at $11,484,870.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick Cimerola sold 5,180 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $83.05, for a total value of $430,199.00. Following the sale, the insider now owns 26,009 shares of the company’s stock, valued at approximately $2,160,047.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,323 shares of company stock valued at $4,553,317. Company insiders own 22.01% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. GAM Holding AG purchased a new stake in shares of Choice Hotels International during the second quarter worth about $718,000. Eqis Capital Management Inc. grew its position in shares of Choice Hotels International by 112.6% during the second quarter. Eqis Capital Management Inc. now owns 10,193 shares of the company’s stock worth $771,000 after purchasing an additional 5,398 shares in the last quarter. Fort L.P. purchased a new stake in shares of Choice Hotels International during the second quarter worth about $116,000. Guggenheim Capital LLC purchased a new stake in shares of Choice Hotels International during the first quarter worth about $1,384,000. Finally, Tealwood Asset Management Inc. purchased a new stake in shares of Choice Hotels International during the third quarter worth about $3,566,000. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Choice Hotels International Company Profile

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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The Fly

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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