Robert W. Baird Issues Positive Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH – Get Free Report) had its target price raised by stock analysts at Robert W. Baird from $128.00 to $131.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird‘s price target suggests a potential upside of 10.38% from the company’s previous close.

Several other research firms also recently commented on CHH. Wells Fargo & Company boosted their price objective on Choice Hotels International from $97.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, October 19th. Truist Financial increased their target price on Choice Hotels International from $128.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Wedbush set a $130.00 price target on shares of Choice Hotels International in a research report on Thursday. Mizuho started coverage on shares of Choice Hotels International in a research report on Thursday, August 27th. They issued a “neutral” rating and a $106.00 price target for the company. Finally, Freedom Broker boosted their price target on shares of Choice Hotels International from $117.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $115.69.

View Our Latest Report on CHH

Choice Hotels International Stock Performance

Shares of CHH opened at $118.69 on Monday. Choice Hotels International has a one year low of $84.04 and a one year high of $123.82. The company has a market cap of $5.28 billion, a PE ratio of 26.37, a P/E/G ratio of 2.80 and a beta of 0.65. The stock has a 50-day moving average of $105.17 and a 200-day moving average of $107.40. The company has a debt-to-equity ratio of 16.52, a current ratio of 1.26 and a quick ratio of 1.26.

Choice Hotels International (NYSE:CHH – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $458.33 million for the quarter, compared to analyst estimates of $447.56 million. Choice Hotels International had a return on equity of 216.71% and a net margin of 12.65%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. On average, equities research analysts predict that Choice Hotels International will post 6.75 EPS for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CFO Scott Oaksmith sold 2,000 shares of Choice Hotels International stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $120.35, for a total transaction of $240,700.00. Following the completion of the transaction, the chief financial officer owned 31,172 shares in the company, valued at approximately $3,751,550.20. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Jews sold 5,057 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $106.98, for a total value of $540,997.86. Following the sale, the director directly owned 23,987 shares of the company’s stock, valued at $2,566,129.26. This represents a 17.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,284 shares of company stock worth $919,122. Insiders own 23.87% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several institutional investors have recently bought and sold shares of CHH. Allworth Financial LP raised its position in Choice Hotels International by 92.5% in the 3rd quarter. Allworth Financial LP now owns 283 shares of the company’s stock valued at $31,000 after buying an additional 136 shares during the last quarter. Versant Capital Management Inc lifted its stake in Choice Hotels International by 445.2% during the 3rd quarter. Versant Capital Management Inc now owns 398 shares of the company’s stock valued at $41,000 after acquiring an additional 325 shares in the last quarter. Bessemer Group Inc. lifted its stake in Choice Hotels International by 485.9% during the 1st quarter. Bessemer Group Inc. now owns 539 shares of the company’s stock valued at $56,000 after acquiring an additional 447 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Choice Hotels International by 18.9% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $84,000 after acquiring an additional 121 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Choice Hotels International by 112.5% during the 3rd quarter. Signaturefd LLC now owns 1,101 shares of the company’s stock worth $113,000 after acquiring an additional 583 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

About Choice Hotels International

(Get Free Report)

Choice Hotels International, Inc is a hospitality company that primarily franchises hotels under a portfolio of brands serving a range of travelers, from economy and extended-stay guests to upscale customers. Its brands include Comfort, Quality Inn, Sleep Inn, Clarion, Cambria Hotels, Ascend Hotel Collection, Radisson, Everhome Suites, MainStay Suites, Suburban Studios and WoodSpring Suites.

The company traces its roots to 1939, when a group of U.S. motel owners formed Quality Courts United, an organization that later became Choice Hotels.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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