Shares of Red Lion Hotels Co. (NYSE:RLH) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $12.50 for the company and are expecting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also assigned Red Lion Hotels an industry rank of 165 out of 256 based on the ratings given to related companies.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Red Lion Hotels from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 9th. B. Riley set a $13.00 price objective on shares of Red Lion Hotels and gave the stock a “buy” rating in a research note on Thursday, December 27th. ValuEngine lowered shares of Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 6th. Finally, TheStreet lowered shares of Red Lion Hotels from a “b-” rating to a “c” rating in a research note on Friday, September 21st.
Several institutional investors and hedge funds have recently modified their holdings of RLH. Russell Investments Group Ltd. boosted its stake in shares of Red Lion Hotels by 4.5% during the second quarter. Russell Investments Group Ltd. now owns 208,500 shares of the company’s stock valued at $2,429,000 after purchasing an additional 8,900 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Red Lion Hotels by 21.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 39,100 shares of the company’s stock valued at $456,000 after purchasing an additional 7,000 shares during the period. BlackRock Inc. boosted its stake in shares of Red Lion Hotels by 1.8% during the second quarter. BlackRock Inc. now owns 1,303,463 shares of the company’s stock valued at $15,186,000 after purchasing an additional 22,721 shares during the period. Chicago Equity Partners LLC purchased a new stake in shares of Red Lion Hotels during the second quarter valued at $155,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Red Lion Hotels by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,011,687 shares of the company’s stock valued at $23,436,000 after purchasing an additional 25,171 shares during the period. 77.37% of the stock is owned by hedge funds and other institutional investors.
RLH traded up $0.20 during trading hours on Wednesday, hitting $8.83. The company’s stock had a trading volume of 4,926 shares, compared to its average volume of 75,525. Red Lion Hotels has a 12 month low of $6.92 and a 12 month high of $14.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.88 and a current ratio of 1.89.
Red Lion Hotels (NYSE:RLH) last announced its quarterly earnings results on Monday, November 5th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.49). The business had revenue of $36.00 million during the quarter, compared to the consensus estimate of $36.58 million. Red Lion Hotels had a negative return on equity of 7.37% and a net margin of 7.32%. As a group, sell-side analysts anticipate that Red Lion Hotels will post -0.43 earnings per share for the current year.
Red Lion Hotels Company Profile
Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, and Country Hearth Inns & Suites brands; America's Best Inn & Suites, Jameson Inns, Lexington Hotels & Inns, and 3 Palm Hotels brands; and Value Inn Worldwide and Value Hotel Worldwide brands.
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