Choice Hotels
About: As of Dec. 31, 2023, Choice Hotels operated 633,000 rooms across 15 brands addressing the economy and midscale segments. Comfort Inn and Comfort Suites are the largest brands (27% of the company's total domestic rooms), while Ascend and Cambria (7% of total domestic rooms) are newer lifestyle and select-service brands. Choice closed on its Radisson acquisition in August 2022, which added around 70,000 rooms. Franchises account for 100% of total revenue, and the United States represent 79% of total rooms in 2023.
Employees: 1,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
646% more call options, than puts
Call options by funds: $3.4M | Put options by funds: $456K
4% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 47
1% more funds holding
Funds holding: 314 [Q2] → 316 (+2) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
8% less capital invested
Capital invested by funds: $4.49B [Q2] → $4.15B (-$341M) [Q3]
12.0% less ownership
Funds ownership: 78.39% [Q2] → 66.4% (-12.0%) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 116
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Stephen Grambling 52% 1-year accuracy 11 / 21 met price target | 4%downside $141 | Equal-Weight Maintained | 13 Nov 2024 |
Susquehanna Christopher Stathoulopoulos 100% 1-year accuracy 24 / 24 met price target | 11%downside $130 | Neutral Maintained | 7 Nov 2024 |
Jefferies David Katz 57% 1-year accuracy 8 / 14 met price target | 3%upside $150 | Hold Downgraded | 6 Nov 2024 |
Baird Michael Bellisario 93% 1-year accuracy 14 / 15 met price target | 1%downside $145 | Outperform Maintained | 6 Nov 2024 |
Goldman Sachs Lizzie Dove 65% 1-year accuracy 11 / 17 met price target | 19%downside $118 | Sell Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 16 articles about CHH published over the past 30 days
