Opinion

DiamondRock Hospitality Company (NYSE:DRH) Analyst Estimates

DiamondRock Hospitality Company (NYSE:DRH) stock is presently standing at about $10.74 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $11.13, which suggests the stock could still rise over 4 percent. The highest analyst price target is $13.00, which implies a rally of 79 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 3 rate DRH a strong buy. There are 9 equity research firms advocating a Hold and 0 consider it Sell.

Instinet analysts provided their view on DiamondRock Hospitality Company (NYSE:DRH) recently. The rating firm issued a Neutral rating to this company in a research note released on Dec 14, 2016. Morgan Stanley analysts disclosed their opinion on DiamondRock Hospitality Company (NYSE:DRH) recently. The rating firm gave a Underweight rating to this stock in a research note published on Sep 26, 2016. According to a research note disclosed on Jan 11, 2016, analysts at JMP Securities have lowered their rating on these shares from Mkt Outperform to Mkt Perform.

DiamondRock Hospitality Company (NYSE:DRH) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its EVP & CFO Mahoney Sean M sold 30,000 company shares for 343500, in a transaction on 2016-12-13. Following the transaction, the EVP & CFO is left with a stake of 397,744 shares, currently valued at $4271771. Meanwhile, EVP & General Counsel Tennis William J sold 100 shares worth $1500, through a transaction dated 2015-03-24. Following the completion of the transaction, the insider is left with a stake of 162,923 shares, amounting $1749793.02. DRH Chief Accounting Officer Quinn Briony R. also sold 10,000 shares, at a stock price of $15.34. This transaction occurred on 2014-12-22 totals $153400. After this transaction, the insider’s stake stands at 34,955 shares, with a market value of $375417.

Executives hold 1.37 percent of the stock. Mark W. Brugger is one of the biggest insider owners in DiamondRock Hospitality Company (NYSE:DRH), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,175,657 shares which have current market value of around $12626556.18.John L. Williams is another major inside shareholder in the company. The insider owns 750,803 shares as of 0.38%, currently worth $8063624.22. Sean M. Mahoney is ranked as third insider holder of the stock. This insider holds 397,744 shares with a market value around $4271770.56 as of recent close.

DiamondRock Hospitality Company (NYSE:DRH) Earnings Outlook

In DiamondRock Hospitality Company (NYSE:DRH)’s latest quarter, EPS moved to $0.24 from $0.26 in preceding quarter and revenues reached at $206.62M compared to $220.24M. Analysts had expected DiamondRock Hospitality Company (NYSE:DRH) to post net income of about $0.23 per share on $210.88M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.16 to $0.22. That is compared with the $0.21 in EPS it reported during the same period a year ago.

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