Wolfe Research Initiates Coverage on Choice Hotels International Inc to Peer Perform

Wolfe Research Initiates Coverage on Choice Hotels International Inc(NYSE:CHH). The shares have been rated Peer Perform. The rating by Wolfe Research was issued on Jul 6, 2016.

Choice Hotels International Inc (CHH) made into the market gainers list on Mondays trading session with the shares advancing 0.69% or 0.33 points. Due to strong positive momentum, the stock ended at $48.05, which is also near the day’s high of $48.21. The stock began the session at $48 and the volume stood at 1,98,208 shares. The 52-week high of the shares is $55.95 and the 52 week low is $40.78. The company has a current market capitalization of $2,714 M and it has 5,64,87,684 shares in outstanding.

Choice Hotels International Inc(CHH) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $207.12M. Analysts had an estimated revenue of $183.45M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Simone Wu (Senior Vice President) sold 7,625 shares at $45.92 per share price.Also, On Feb 3, 2016, Patrick Cimerola (Senior Vice President) sold 1,823 shares at $42.50 per share price.On Feb 3, 2016, Stephen P Joyce (President & CEO) sold 45,180 shares at $43.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Choice Hotels International Inc. (Choice) is a hotel franchisor. Choice franchises lodging properties under various brand names: Comfort Inn Comfort Suites Quality Clarion Sleep Inn Econo Lodge Rodeway Inn MainStay Suites Suburban Extended Stay Hotel Cambria hotels & suites and Ascend Hotel Collection (collectively the Choice brands). It operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). SkyTouch is a division of the Company that develops and markets cloud-based technology products including inventory management pricing and connectivity to third party channels to hoteliers not under franchise agreements with the Company. The SkyTouch platform also includes a mobile-native interface that offers mobile functionality to the elements of property management and housekeeping.

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