Choice Hotels (CHH)

• Market cap: $6.16B
• 1 day: -1.68%
• 5 days: -9.62%
• 1 month: -12.96%
• 3 months: -12.67%
• 6 months: 2.24%
• Year to date: -9.73%
• 1 year: 1.61%
• 5 years: 72.52%
• 10 years: 103.87%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

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 Q4 regulatory filings by fund managers ($100M+ AUM)

945% more call options, than puts

Call options by funds: $4.6M | Put options by funds: $440K

103% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 29

7% more funds holding

Funds holding: 326 [Q3] → 350 (+24) [Q4]

4% more capital invested

Capital invested by funds: $4.22B [Q3] → $4.37B (+$153M) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

1.81% less ownership

Funds ownership: 67.41% [Q3] → 65.6% (-1.81%) [Q4]

34% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 142

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $132 3% upside
• Avg. target: $146 14% upside
• High target: $165 29% upside

9 analyst ratings

• positive: 2 22%
• neutral: 2 22%
• negative: 5 56%

Morgan Stanley Stephen Grambling 50% 1-year accuracy 14 / 28 met price target	9% upside $139	Underweight Maintained	4 Mar 2025
Wells Fargo Daniel Politzer 25% 1-year accuracy 15 / 59 met price target	7% upside $137	Underweight Maintained	4 Mar 2025
Susquehanna Christopher Stathoulopoulos 67% 1-year accuracy 14 / 21 met price target	21% upside $155	Neutral Maintained	25 Feb 2025
Baird Michael Bellisario 59% 1-year accuracy 10 / 17 met price target	25% upside $160	Outperform Maintained	25 Feb 2025
Barclays Anthony Powell 50% 1-year accuracy 13 / 26 met price target	3% upside $132	Underweight Maintained	21 Feb 2025