Baron Funds is Confident About Choice Hotels International (CHH)’s Growth

Baron Funds, an asset management company, released its “Baron Growth Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund fell 18.69%. The fund performed moderately better in the quarter compared to a 19.25% decline in the Russell 2000 Growth benchmark Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the second quarter investor letter, Baron Funds discussed stocks like Choice Hotels International, Inc. (NYSE:CHH). Headquartered in Rockville, Maryland, Choice Hotels International, Inc. (NYSE:CHH) operates in the hospitality business. On September 1, 2022, Choice Hotels International, Inc. (NYSE:CHH) stock closed at $113.07 per share. One-month return of Choice Hotels International, Inc. (NYSE:CHH) was -1.09% and its shares lost 6.17% of their value over the last 52 weeks. Choice Hotels International, Inc. (NYSE:CHH) has a market capitalization of $6.307 billion.

Here is what Baron Funds specifically said about Choice Hotels International, Inc. (NYSE:CHH):

“Shares of hotel franchisor Choice Hotels International, Inc. (NYSE:CHH) declined on investor concerns around a possible economic slowdown or recession. We retain conviction. Choice is not experiencing a slowdown in visitation or spend levels at its properties and continues to generate strong results. The company recently acquired the Radisson hotel brand in the Americas, an asset-light transaction that should add significantly to shareholder value.”

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Choice Hotels International, Inc. (NYSE:CHH) is not on the list of  30 Most Popular Stocks Among Hedge Funds. As per our database, Choice Hotels International, Inc. (NYSE:CHH) was held by 22 hedge fund portfolios at the end of the second quarter, which was 21 in the previous quarter.

We discussed Choice Hotels International, Inc. (NYSE:CHH) in another article and shared Baron Funds’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.