Choice Hotels International Inc (NYSE:CHH) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $98.30 and last traded at $97.14, with a volume of 328443 shares changing hands. The stock had previously closed at $97.25.
Several equities analysts recently commented on the stock. Robert W. Baird initiated coverage on shares of Choice Hotels International in a research report on Thursday, August 22nd. They issued an “outperform” rating and a $97.00 price objective for the company. Bank of America raised their target price on Choice Hotels International from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Barclays lifted their price target on Choice Hotels International from $81.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Wells Fargo & Co lowered their price target on Choice Hotels International from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Finally, Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Thursday, September 5th. Three equities research analysts have 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 currently has a consensus rating of “Hold” and an average price target of $88.11.
The firm has a 50-day moving average of $90.79 and a two-hundred day moving average of $88.45. The company has a market capitalization of $5.42 billion, a PE ratio of 24.70, a PEG ratio of 3.03 and a beta of 0.95.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Tuesday, November 5th. The company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The business had revenue of $310.73 million for the quarter, compared to analyst estimates of $306.10 million. Choice Hotels International had a negative return on equity of 174.81% and a net margin of 19.43%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, equities research analysts expect that Choice Hotels International Inc will post 4.26 EPS for the current fiscal year.
In other Choice Hotels International news, insider Patrick Cimerola sold 5,602 shares of Choice Hotels International stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $90.20, for a total value of $505,300.40. Following the completion of the transaction, the insider now owns 24,926 shares of the company’s stock, valued at $2,248,325.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 35,349 shares of company stock worth $3,186,161. 24.90% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Choice Hotels International by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,081,850 shares of the company’s stock valued at $268,152,000 after buying an additional 81,654 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Choice Hotels International by 0.5% during the second quarter. Brown Advisory Inc. now owns 992,778 shares of the company’s stock valued at $86,383,000 after purchasing an additional 4,719 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Choice Hotels International by 1.0% during the second quarter. Macquarie Group Ltd. now owns 923,945 shares of the company’s stock valued at $80,393,000 after purchasing an additional 9,530 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Choice Hotels International by 16.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 597,431 shares of the company’s stock valued at $51,982,000 after purchasing an additional 84,500 shares during the period. Finally, Invesco Ltd. grew its position in shares of Choice Hotels International by 1,668.1% in the second quarter. Invesco Ltd. now owns 587,733 shares of the company’s stock valued at $51,138,000 after purchasing an additional 554,493 shares during the period. Institutional investors own 60.42% of the company’s stock.
Choice Hotels International Company Profile (NYSE:CHH)
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.
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