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
22% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 41
3% more funds holding
Funds holding: 316 [Q2] → 325 (+9) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
7% less capital invested
Capital invested by funds: $4.54B [Q2] → $4.22B (-$327M) [Q3]
11.87% less ownership
Funds ownership: 79.29% [Q2] → 67.42% (-11.87%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 117
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays Anthony Powell 41% 1-year accuracy 12 / 29 met price target | 9%downside $129 | Underweight Maintained | 13 Dec 2024 |
JP Morgan Joseph Greff 31% 1-year accuracy 9 / 29 met price target | 4%downside $135 | Underweight Maintained | 13 Dec 2024 |
Goldman Sachs Lizzie Dove 62% 1-year accuracy 16 / 26 met price target | 2%downside $138 | Sell Maintained | 10 Dec 2024 |
Wells Fargo Dori Kesten 54% 1-year accuracy 14 / 26 met price target | 6%downside $133 | Underweight Initiated | 5 Dec 2024 |
Truist Securities Patrick Scholes 60% 1-year accuracy 46 / 77 met price target | 4%downside $136 | Hold Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 11 articles about CHH published over the past 30 days
