Choice Hotels International (NYSE:CHH) Price Target Lowered to $145.00 at Robert W. Baird

Choice Hotels International (NYSE:CHH) had its price objective cut by Robert W. Baird from $150.00 to $145.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 9.63% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Barclays cut their price objective on Choice Hotels International from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Bank of America upped their price target on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. The Goldman Sachs Group raised Choice Hotels International from a “sell” rating to a “buy” rating and lowered their price objective for the stock from $141.00 to $138.00 in a research report on Monday, April 14th. Finally, Morgan Stanley lowered their price objective on Choice Hotels International from $124.00 to $115.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Choice Hotels International currently has an average rating of “Hold” and an average target price of $133.38.

Choice Hotels International Price Performance

Shares of CHH stock traded up $1.58 during trading hours on Monday, hitting $132.27. The company had a trading volume of 254,803 shares, compared to its average volume of 394,780. The company’s fifty day moving average is $127.06 and its 200 day moving average is $139.03. Choice Hotels International has a fifty-two week low of $109.22 and a fifty-two week high of $157.86. The stock has a market capitalization of $6.14 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.04). The firm had revenue of $332.86 million during the quarter, compared to analysts’ expectations of $348.52 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Choice Hotels International’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. Equities analysts forecast that Choice Hotels International will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.78% of the stock is currently owned by insiders.

Institutional Trading of Choice Hotels International

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Choice Hotels International by 66.2% in the 1st quarter. UMB Bank n.a. now owns 256 shares of the company’s stock worth $34,000 after buying an additional 102 shares in the last quarter. HM Payson & Co. bought a new position in Choice Hotels International during the 1st quarter valued at $35,000. Signaturefd LLC boosted its stake in shares of Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company’s stock worth $37,000 after acquiring an additional 108 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after acquiring an additional 86 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

About Choice Hotels International

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.