Everpar Advisors LLC Buys Shares of 3,412 Choice Hotels International, Inc. (NYSE:CHH)

Everpar Advisors LLC acquired a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,412 shares of the company’s stock, valued at approximately $387,000.

A number of other institutional investors also recently made changes to their positions in CHH. Markel Group Inc. lifted its position in Choice Hotels International by 86.4% during the fourth quarter. Markel Group Inc. now owns 61,500 shares of the company’s stock worth $6,968,000 after buying an additional 28,500 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Choice Hotels International by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after buying an additional 91,351 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Choice Hotels International in the fourth quarter valued at $24,000,000. Jump Financial LLC lifted its position in shares of Choice Hotels International by 144.9% during the third quarter. Jump Financial LLC now owns 33,207 shares of the company’s stock worth $4,068,000 after purchasing an additional 19,649 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Choice Hotels International during the 3rd quarter worth approximately $1,117,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays reduced their price objective on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Truist Financial increased their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and boosted their target price for the company from $96.00 to $156.00 in a research note on Monday, March 11th. StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Finally, Robert W. Baird reduced their price objective on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $130.80.

Choice Hotels International Price Performance

NYSE:CHH traded down $6.44 during midday trading on Wednesday, hitting $115.70. 1,584,407 shares of the stock were exchanged, compared to its average volume of 585,213. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.96 and a beta of 1.21. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $136.02. The business has a 50-day moving average price of $121.66 and a two-hundred day moving average price of $117.23.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The company had revenue of $358.40 million for the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.46 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.99%. Choice Hotels International’s dividend payout ratio (DPR) is 22.73%.

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.