Choice Hotels International (NYSE:CHH) Upgraded to “Strong Sell” at Wells Fargo & Company

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

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

Choice Hotels International Trading Down 0.5%

Shares of NYSE CHH traded down $0.43 during midday trading on Monday, reaching $87.39. The company had a trading volume of 186,457 shares, compared to its average volume of 449,960. Choice Hotels International has a 1 year low of $87.44 and a 1 year high of $157.86. The business’s 50-day simple moving average is $101.39 and its 200 day simple moving average is $117.45. The stock has a market cap of $4.04 billion, a P/E ratio of 13.43, a P/E/G ratio of 6.60 and a beta of 0.84.

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

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st were given a $0.2875 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.3%. Choice Hotels International’s payout ratio is 14.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CHH. Kilter Group LLC acquired a new position in Choice Hotels International during the second quarter worth $25,000. Signaturefd LLC increased its stake in shares of Choice Hotels International by 64.7% during the first quarter. Signaturefd LLC now owns 275 shares of the company’s stock worth $37,000 after purchasing an additional 108 shares in the last quarter. Whittier Trust Co. raised its position in shares of Choice Hotels International by 138.5% during the 2nd quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in Choice Hotels International in the 2nd quarter valued at about $38,000. Finally, Quarry LP acquired a new stake in Choice Hotels International in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Company Profile

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.