Red Lion Hotels Co. (NYSE:RLH) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One 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 $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Red Lion Hotels an industry rank of 95 out of 256 based on the ratings given to related companies.
A number of research firms have recently weighed in on RLH. TheStreet lowered shares of Red Lion Hotels from a “c” rating to a “d+” rating in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Red Lion Hotels from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Tuesday, March 26th. 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 Monday, March 11th. Finally, ValuEngine upgraded shares of Red Lion Hotels from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.
Shares of NYSE:RLH traded down $0.04 during midday trading on Friday, reaching $7.18. The company’s stock had a trading volume of 3,529 shares, compared to its average volume of 71,645. The firm has a market capitalization of $178.99 million, a P/E ratio of -15.96 and a beta of 0.89. Red Lion Hotels has a twelve month low of $6.92 and a twelve month high of $14.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 1.11.
Red Lion Hotels (NYSE:RLH) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.17). The firm had revenue of $25.98 million for the quarter, compared to analyst estimates of $25.53 million. Red Lion Hotels had a negative net margin of 3.68% and a negative return on equity of 8.65%. Equities analysts anticipate that Red Lion Hotels will post 0.01 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in RLH. Wellington Management Group LLP lifted its holdings in Red Lion Hotels by 6.1% during the first quarter. Wellington Management Group LLP now owns 882,081 shares of the company’s stock valued at $7,127,000 after purchasing an additional 51,000 shares in the last quarter. Eidelman Virant Capital lifted its holdings in Red Lion Hotels by 7.7% during the first quarter. Eidelman Virant Capital now owns 765,000 shares of the company’s stock valued at $6,181,000 after purchasing an additional 55,000 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its holdings in Red Lion Hotels by 70.2% during the first quarter. Rutabaga Capital Management LLC MA now owns 481,052 shares of the company’s stock valued at $3,887,000 after purchasing an additional 198,400 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Red Lion Hotels by 148.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,474 shares of the company’s stock valued at $28,000 after purchasing an additional 2,073 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in Red Lion Hotels by 16.7% during the first quarter. Royce & Associates LP now owns 957,771 shares of the company’s stock valued at $7,739,000 after purchasing an additional 136,900 shares in the last quarter. 75.28% of the stock is currently owned by hedge funds and other institutional investors.
About Red Lion Hotels
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, Knights Inn, and Country Hearth Inns & Suites brands.
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