Stocks of Choice Hotels International Inc. (NYSE:CHH) traded higher last session on Wall Street, up 1.60% to $125.89.
According to the data, Choice Hotels International Inc. (NYSE:CHH) has 12 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $140.00 and a low of $107.00, we find $121.00. Given the previous closing price of $123.91, this indicates a potential downside of -2.35 percent. CHH stock price is now 6.90% away from the 50-day moving average and 4.21% away from the 200-day moving average. The market capitalization of the company currently stands at $6.58B.
A total of 7 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $120.90 as their price target over the next twelve months.
With the price target of $137, Morgan Stanley recently initiated with Equal-Weight rating for Choice Hotels International Inc. (NYSE: CHH)., while ‘Wells Fargo’ rates the stock as ‘Underweight’.
In other news, WU Simone, Senior Vice President sold 6,342 shares of the company’s stock on Nov 14. The stock was sold for $766,267 at an average price of $120.82. Upon completion of the transaction, the Senior Vice President now directly owns 39,147 shares in the company, valued at $4.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, Director Bainum Brian sold 30,000 shares of the business’s stock. A total of $3,673,104 was realized by selling the stock at an average price of $122.44. This leaves the insider owning 14,196 shares of the company worth $1.79 million. Insiders disposed of 1,261,853 shares of company stock worth roughly $158.85 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHH stock. A new stake in Choice Hotels International Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $46,985,000. ERGOTELES LLC invested $3,899,000 in shares of CHH during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Choice Hotels International Inc. valued at approximately $3,521,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CHH for approximately $3,150,000. HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. purchased a new stake in CHH valued at around $2,566,000 in the second quarter. In total, there are 421 active investors with 62.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $124.23 for Choice Hotels International Inc. (NYSE: CHH). During the past 12 months, Choice Hotels International Inc. has had a low of $104.15 and a high of $153.71. As of last week, the company has a debt-to-equity ratio of 4.07, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for CHH is $117.97 and a two-hundred day moving average price translates $120.72 for the stock.
The latest earnings results from Choice Hotels International Inc. (NYSE: CHH) was released for Jun, 2022. According to the Lodging Company, earnings per share came in at $1.43, missing analysts’ expectations of $1.45 by -0.02. This compares to $2.09 EPS in the same period last year. The net profit margin was 25.80% and return on equity was 106.80% for CHH. The company reported revenue of $414.27 million for the quarter, compared to $323.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.11 percent. For the current quarter, analysts expect CHH to generate $367.59M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 01/03/2023 were paid a $0.2375 dividend. On an annualized basis, this represents a $0.95 dividend and a 0.75% percent yield. There was an ex-dividend date of 12/30/2022 for this dividend. In terms of dividend payout ratio, CHH is presently at 3.80%.
Choice Hotels International Inc.(CHH) Company Profile
Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It 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, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection. The company also develops and markets cloud-based property management software to non-franchised hoteliers. As of August 11, 2022, it had approximately 7,500 hotels with approximately 650,000 rooms in 46 countries and territories. Choice Hotels International, Inc. was founded in 1939 and is headquartered in Rockville, Maryland.