Boston Trust Walden Corp raised its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,156 shares of the company's stock after buying an additional 9,008 shares during the period. Boston Trust Walden Corp's holdings in Choice Hotels International were worth $66,996,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CHH. Meeder Asset Management Inc. purchased a new stake in shares of Choice Hotels International in the first quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Choice Hotels International by 58.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 417 shares of the company's stock valued at $60,000 after purchasing an additional 154 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Choice Hotels International in the second quarter valued at approximately $98,000. Cornerstone Advisory LLC purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $156,000. Finally, Covestor Ltd boosted its holdings in shares of Choice Hotels International by 1,855.8% in the first quarter. Covestor Ltd now owns 1,017 shares of the company's stock valued at $144,000 after purchasing an additional 965 shares during the period. Hedge funds and other institutional investors own 61.37% of the company's stock.
Get Choice Hotels International alerts:Choice Hotels International Stock Performance
Shares of CHH stock opened at $112.35 on Tuesday. The business's fifty day simple moving average is $114.90 and its 200-day simple moving average is $123.49. The company has a market cap of $6.27 billion, a PE ratio of 17.81, a PEG ratio of 1.63 and a beta of 1.27. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.03. Choice Hotels International, Inc. has a 12-month low of $104.15 and a 12-month high of $157.46.
Choice Hotels International (NYSE:CHH – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.04). The business had revenue of $367.80 million for the quarter, compared to analyst estimates of $322.24 million. Choice Hotels International had a return on equity of 92.23% and a net margin of 28.72%. The business's revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Analysts expect that Choice Hotels International, Inc. will post 5.22 earnings per share for the current fiscal year.Choice Hotels International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be given a $0.2375 dividend. This represents a $0.95 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, September 30th. Choice Hotels International's payout ratio is 15.06%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Robert W. Baird boosted their price target on Choice Hotels International from $129.00 to $133.00 and gave the company a "neutral" rating in a report on Thursday, September 15th. Wells Fargo & Company downgraded shares of Choice Hotels International from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $130.00 to $123.00 in a research note on Monday, August 29th. UBS Group downgraded shares of Choice Hotels International from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $167.00 to $124.00 in a research note on Tuesday, August 2nd. Barclays boosted their price objective on shares of Choice Hotels International from $107.00 to $108.00 and gave the stock an "underweight" rating in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Choice Hotels International from $126.00 to $110.00 and set an "underweight" rating for the company in a research note on Tuesday, August 9th. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $126.11.
About Choice Hotels International
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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.
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