Red Lion Hotels (RLH) Given a $13.00 Price Target at B. Riley

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B. Riley set a $13.00 target price on Red Lion Hotels (NYSE:RLH) in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Red Lion Hotels’ Q1 2019 earnings at ($0.16) EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($0.10) EPS, Q1 2020 earnings at ($0.15) EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.07 EPS and FY2020 earnings at ($0.01) EPS.

A number of other equities analysts have also weighed in on RLH. ValuEngine raised shares of Red Lion Hotels from a sell rating to a hold rating in a research note on Friday, March 1st. 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.

Shares of NYSE RLH opened at $8.06 on Monday. The firm has a market capitalization of $192.10 million, a P/E ratio of -17.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 1.88. Red Lion Hotels has a 1-year low of $6.92 and a 1-year high of $14.75.

Red Lion Hotels (NYSE:RLH) last announced its earnings results on Friday, March 8th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.03). The company had revenue of $28.20 million during the quarter, compared to analyst estimates of $28.15 million. Red Lion Hotels had a negative return on equity of 9.57% and a net margin of 1.44%. Sell-side analysts expect that Red Lion Hotels will post -0.1 earnings per share for the current year.

In other Red Lion Hotels news, major shareholder Coliseum Capital Management, L acquired 77,873 shares of Red Lion Hotels stock in a transaction dated Tuesday, December 18th. The stock was bought at an average cost of $7.07 per share, for a total transaction of $550,562.11. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 530,667 shares of company stock valued at $3,874,380. Company insiders own 19.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of RLH. Cpwm LLC boosted its stake in shares of Red Lion Hotels by 11.3% during the 4th quarter. Cpwm LLC now owns 13,815 shares of the company’s stock worth $113,000 after buying an additional 1,401 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Red Lion Hotels in the 3rd quarter valued at about $129,000. Rhumbline Advisers lifted its stake in Red Lion Hotels by 44.7% in the 4th quarter. Rhumbline Advisers now owns 22,243 shares of the company’s stock valued at $182,000 after purchasing an additional 6,875 shares during the last quarter. Barclays PLC lifted its stake in Red Lion Hotels by 439.5% in the 4th quarter. Barclays PLC now owns 36,439 shares of the company’s stock valued at $299,000 after purchasing an additional 29,685 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Red Lion Hotels in the 4th quarter valued at about $319,000. Institutional investors own 76.35% of the company’s stock.

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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