Robert W. Baird Trims Choice Hotels International (NYSE:CHH) Target Price to $137.00

Choice Hotels International (NYSE:CHH) had its price objective cut by Robert W. Baird from $140.00 to $137.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on CHH. Barclays dropped their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an underweight rating for the company in a research report on Friday, April 19th. StockNews.com cut shares of Choice Hotels International from a hold rating to a sell rating in a research report on Wednesday, February 21st. Jefferies Financial Group upgraded shares of Choice Hotels International from an underperform rating to a buy rating and upped their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Finally, Truist Financial upped their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a hold rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $130.80.

Choice Hotels International Stock Up 0.1 %

NYSE:CHH opened at $119.05 on Wednesday. The stock’s fifty day moving average price is $120.76 and its two-hundred day moving average price is $117.25. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.93 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.09. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The firm had revenue of $358.40 million for the quarter, compared to the consensus estimate of $369.44 million. During the same quarter in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Choice Hotels International will post 6.46 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.97%. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.73%.

Institutional Investors Weigh In On Choice Hotels International

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Vima LLC acquired a new stake in Choice Hotels International during the fourth quarter worth approximately $36,000. Wetzel Investment Advisors Inc. acquired a new stake in Choice Hotels International during the fourth quarter worth approximately $45,000. Principal Securities Inc. acquired a new stake in Choice Hotels International during the fourth quarter worth approximately $48,000. Finally, Fifth Third Bancorp lifted its position in Choice Hotels International by 42.2% during the third quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after acquiring an additional 168 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

About Choice Hotels International

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.