Savoir Faire Capital Management L.P. Boosts Position in Choice Hotels International, Inc. $CHH

Savoir Faire Capital Management L.P. boosted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 35.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,126 shares of the company’s stock after purchasing an additional 2,138 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Choice Hotels International were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CHH. DAVENPORT & Co LLC boosted its position in Choice Hotels International by 1.3% during the first quarter. DAVENPORT & Co LLC now owns 13,759 shares of the company’s stock worth $1,827,000 after purchasing an additional 171 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Choice Hotels International during the first quarter worth $547,000. Bank of New York Mellon Corp boosted its position in Choice Hotels International by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock worth $31,077,000 after purchasing an additional 7,159 shares in the last quarter. HM Payson & Co. purchased a new stake in Choice Hotels International during the first quarter worth $35,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Choice Hotels International during the first quarter worth $1,117,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHH has been the topic of a number of research analyst reports. Bank of America downgraded Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 target price on the stock. in a research report on Monday, September 29th. Robert W. Baird decreased their target price on Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. UBS Group reduced their price objective on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Choice Hotels International in a research report on Thursday. Finally, Morgan Stanley reduced their price objective on Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Reduce” and an average price target of $126.77.

Choice Hotels International Stock Down 1.6%

Shares of NYSE:CHH opened at $92.68 on Friday. Choice Hotels International, Inc. has a 52-week low of $92.59 and a 52-week high of $157.86. The stock’s fifty day simple moving average is $107.81 and its 200-day simple moving average is $120.44. The company has a market capitalization of $4.29 billion, a P/E ratio of 14.26, a P/E/G ratio of 6.60 and a beta of 0.83.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. The firm had revenue of $426.44 million during the quarter, compared to analyst estimates of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Wednesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 17.69%.

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.