Zacks Investment Research lowered shares of Choice Hotels (NYSE:CHH) from a buy rating to a hold rating in a report released on Tuesday.
According to Zacks, “Choice Hotels Int’l. is one of the largest hotel franchise companies in the world with hotels, inns, all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites. “
A number of other brokerages also recently weighed in on CHH. SunTrust Banks raised their price objective on Choice Hotels to $82.00 and gave the company a hold rating in a research report on Wednesday, February 21st. Morgan Stanley reaffirmed an equal weight rating and set a $81.00 price objective (down previously from $83.00) on shares of Choice Hotels in a research report on Wednesday, February 21st. Wells Fargo reaffirmed a market perform rating and set a $88.00 price objective (up previously from $86.00) on shares of Choice Hotels in a research report on Wednesday, February 21st. UBS raised Choice Hotels from a sell rating to a neutral rating in a research report on Monday, February 26th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating and set a $72.00 price objective (down previously from $73.00) on shares of Choice Hotels in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $77.13.
Shares of Choice Hotels (NYSE CHH) opened at $81.55 on Tuesday. Choice Hotels has a 12-month low of $59.60 and a 12-month high of $85.35. The firm has a market capitalization of $4,758.75, a PE ratio of 29.03, a P/E/G ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of -3.42, a quick ratio of 1.37 and a current ratio of 1.37.
Choice Hotels (NYSE:CHH) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Choice Hotels had a negative return on equity of 68.40% and a net margin of 11.40%. The company had revenue of $237.57 million for the quarter, compared to the consensus estimate of $227.65 million. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. equities analysts expect that Choice Hotels will post 3.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Monday, April 2nd will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 29th. Choice Hotels’s dividend payout ratio is presently 42.36%.
In other Choice Hotels news, Director William L. Jews sold 3,250 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $78.26, for a total value of $254,345.00. Following the completion of the sale, the director now owns 37,799 shares of the company’s stock, valued at $2,958,149.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Bonds sold 14,820 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $83.50, for a total value of $1,237,470.00. Following the completion of the sale, the senior vice president now directly owns 14,272 shares of the company’s stock, valued at approximately $1,191,712. The disclosure for this sale can be found here. In the last three months, insiders sold 61,995 shares of company stock valued at $4,992,967. Corporate insiders own 22.01% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CHH. The Manufacturers Life Insurance Company boosted its holdings in Choice Hotels by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after acquiring an additional 106 shares in the last quarter. Aperio Group LLC boosted its holdings in Choice Hotels by 10.2% in the third quarter. Aperio Group LLC now owns 8,476 shares of the company’s stock worth $542,000 after acquiring an additional 785 shares in the last quarter. American Century Companies Inc. boosted its holdings in Choice Hotels by 269.6% in the third quarter. American Century Companies Inc. now owns 32,668 shares of the company’s stock worth $2,087,000 after acquiring an additional 23,830 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Choice Hotels by 1.9% during the third quarter. Sei Investments Co. now owns 46,601 shares of the company’s stock worth $2,978,000 after purchasing an additional 886 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Choice Hotels by 36.6% during the third quarter. New York State Common Retirement Fund now owns 266,180 shares of the company’s stock worth $17,009,000 after purchasing an additional 71,380 shares during the period. 51.50% of the stock is owned by institutional investors and hedge funds.
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Choice Hotels 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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