Choice HotelsCHH
Market Cap: $5.8B
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 Q2 SEC filings by fund managers ($100M+ AUM)
971% more call options, than puts
Call options by funds: $4.84M | Put options by funds: $452K
8% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 105
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
3.44% less ownership
Funds ownership: 72.87% [Q1] → 69.42% (-3.44%) [Q2]
4% less funds holding
Funds holding: 326 [Q1] → 313 (-13) [Q2]
13% less capital invested
Capital invested by funds: $4.56B [Q1] → $3.98B (-$584M) [Q2]
27% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 49
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Truist Securities Patrick Scholes 44% 1-year accuracy 16 / 36 met price target | 9%upside $134 | Hold Maintained | 4 Sept 2024 |
Baird Michael Bellisario 75% 1-year accuracy 9 / 12 met price target | 9%upside $134 | Outperform Maintained | 12 Aug 2024 |
UBS Robin Farley 67% 1-year accuracy 8 / 12 met price target | 2%upside $125 | Neutral Maintained | 9 Aug 2024 |
Barclays Anthony Powell 68% 1-year accuracy 21 / 31 met price target | 9%downside $112 | Underweight Maintained | 9 Aug 2024 |
JP Morgan Joseph Greff 30% 1-year accuracy 6 / 20 met price target | 2%downside $120 | Underweight Downgraded | 19 Jul 2024 |
Financial journalist opinion
Based on 8 articles about CHH published over the past 30 days