Choice Hotels International (NYSE:CHH) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Choice Hotels International (NYSE:CHH) to a strong sell rating in a research note released on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on CHH. Bank of America cut shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 target price on the stock. in a report on Monday, September 29th. Morgan Stanley cut their price objective on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a report on Wednesday, October 22nd. Robert W. Baird decreased their target price on shares of Choice Hotels International from $122.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday. Argus lowered their target price on shares of Choice Hotels International from $140.00 to $120.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Choice Hotels International from $99.00 to $102.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Choice Hotels International presently has a consensus rating of “Reduce” and a consensus price target of $119.31.

Choice Hotels International Stock Down 1.3%

Shares of CHH traded down $1.17 during mid-day trading on Monday, hitting $86.65. 322,760 shares of the company’s stock traded hands, compared to its average volume of 450,566. The firm has a market capitalization of $4.01 billion, a P/E ratio of 13.33, a PEG ratio of 6.60 and a beta of 0.84. The business’s 50-day moving average price is $101.39 and its 200-day moving average price is $117.45. Choice Hotels International has a 1 year low of $86.77 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). The company had revenue of $278.00 million during the quarter, compared to the consensus estimate of $419.75 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.Choice Hotels International’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 earnings per share. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. Sell-side analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 14.13%.

Institutional Investors Weigh In On Choice Hotels International

Several large investors have recently bought and sold shares of the business. Millennium Management LLC bought a new position in Choice Hotels International during the first quarter valued at approximately $49,799,000. Bamco Inc. NY raised its stake in Choice Hotels International by 7.4% during the 3rd quarter. Bamco Inc. NY now owns 5,359,896 shares of the company’s stock valued at $573,026,000 after buying an additional 369,244 shares during the last quarter. Rock Creek Group LP lifted its holdings in shares of Choice Hotels International by 52.3% during the 2nd quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock valued at $102,973,000 after buying an additional 278,715 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Choice Hotels International in the 1st quarter worth $25,673,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Choice Hotels International by 194.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 237,097 shares of the company’s stock worth $30,083,000 after buying an additional 156,666 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

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.