Red Lion Hotels Co. (NYSE:RLH) Given $12.50 Average Price Target by Analysts

Shares of Red Lion Hotels Co. (NYSE:RLH) have been given 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.

Analysts have set a 1-year consensus price objective of $12.50 for the company and are anticipating that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Red Lion Hotels an industry rank of 52 out of 256 based on the ratings given to its competitors.

A number of research firms recently commented on RLH. Zacks Investment Research upgraded Red Lion Hotels from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Tuesday, March 26th. B. Riley set a $13.00 target price on Red Lion Hotels and gave the stock a “buy” rating in a research note on Monday, March 11th. Finally, TheStreet downgraded Red Lion Hotels from a “c” rating to a “d+” rating in a research note on Wednesday, April 3rd.

RLH stock traded down $0.05 during trading on Friday, reaching $7.14. The company had a trading volume of 36,595 shares, compared to its average volume of 158,304. Red Lion Hotels has a 52 week low of $6.62 and a 52 week high of $14.75. The business’s 50 day moving average price is $7.39. 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). The firm had revenue of $25.98 million during the quarter, compared to analysts’ expectations of $25.53 million. Red Lion Hotels had a negative net margin of 3.68% and a negative return on equity of 8.65%. On average, equities research analysts expect that Red Lion Hotels will post 0.01 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Rutabaga Capital Management LLC MA lifted its stake in Red Lion Hotels by 70.2% in the first quarter. Rutabaga Capital Management LLC MA now owns 481,052 shares of the company’s stock worth $3,887,000 after acquiring an additional 198,400 shares during the last quarter. Royce & Associates LP increased its position in Red Lion Hotels by 16.7% during the 1st quarter. Royce & Associates LP now owns 957,771 shares of the company’s stock worth $7,739,000 after purchasing an additional 136,900 shares in the last quarter. Eidelman Virant Capital increased its position in Red Lion Hotels by 7.7% during the 1st quarter. Eidelman Virant Capital now owns 765,000 shares of the company’s stock worth $6,181,000 after purchasing an additional 55,000 shares in the last quarter. Millennium Management LLC acquired a new stake in Red Lion Hotels during the 4th quarter worth approximately $319,000. Finally, ARS Investment Partners LLC increased its position in Red Lion Hotels by 15.2% during the 4th quarter. ARS Investment Partners LLC now owns 233,788 shares of the company’s stock worth $1,917,000 after purchasing an additional 30,805 shares in the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.

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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