DiamondRock Hospitality Company [DRH] Revenue clocked in at $1.00 billion, up 3.17% YTD: What’s Next?

DiamondRock Hospitality Company [NYSE: DRH] traded at a low on 05/09/23, posting a -0.12 loss after which it closed the day’ session at $8.45. The company report on May 4, 2023 at 4:05 PM that DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER RESULTS.

Comparable Revenues Increase 18.0% over 2022 and 14.2% Over 2019.

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DiamondRock Hospitality Company (the “Company”) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 35 premium hotels and resorts in the United States, today announced results of operations for the quarter ended March 31, 2023.

The results of the trading session contributed to over 3933965 shares changing hands. Over the past one week, the price volatility of DiamondRock Hospitality Company stands at 3.75% while the volatility over the past one month is 2.93%.

The market cap for DRH stock reached $1.77 billion, with 211.49 million shares outstanding and 204.44 million shares in the current float. Compared to the average trading volume of 2.37M shares, DRH reached a trading volume of 3933965 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DiamondRock Hospitality Company [DRH]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DRH shares is $10.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DRH stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for DiamondRock Hospitality Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 30, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on December 05, 2022, representing the official price target for DiamondRock Hospitality Company stock. On August 29, 2022, analysts decreased their price target for DRH shares from 11 to 10.

The Average True Range (ATR) for DiamondRock Hospitality Company is set at 0.26, with the Price to Sales ratio for DRH stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 0.32. Price to Free Cash Flow for DRH in the course of the last twelve months was 13.40.

How has DRH stock performed recently?

DiamondRock Hospitality Company [DRH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.68. With this latest performance, DRH shares gained by 4.06% in over the last four-week period, additionally sinking by -1.49% over the last 6 months – not to mention a drop of -17.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DRH stock in for the last two-week period is set at 60.07, with the RSI for the last a single of trading hit 65.68, and the three-weeks RSI is set at 55.86 for DiamondRock Hospitality Company [DRH]. The present Moving Average for the last 50 days of trading for this stock 8.15, while it was recorded at 8.41 for the last single week of trading, and 8.67 for the last 200 days.

DiamondRock Hospitality Company [DRH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DiamondRock Hospitality Company [DRH] shares currently have an operating margin of +17.72 and a Gross Margin at +27.93. DiamondRock Hospitality Company’s Net Margin is presently recorded at +10.92.

Return on Total Capital for DRH is now 6.35, given the latest momentum, and Return on Invested Capital for the company is 3.94. Return on Equity for this stock inclined to 7.04, with Return on Assets sitting at 3.54. When it comes to the capital structure of this company, DiamondRock Hospitality Company [DRH] has a Total Debt to Total Equity ratio set at 81.56. Additionally, DRH Total Debt to Total Capital is recorded at 44.92, with Total Debt to Total Assets ending up at 40.43. Long-Term Debt to Equity for the company is recorded at 80.96, with the Long-Term Debt to Total Capital now at 44.59.

Reflecting on the efficiency of the workforce at the company, DiamondRock Hospitality Company [DRH] managed to generate an average of $3,644,267 per employee. Receivables Turnover for the company is 6.74 with a Total Asset Turnover recorded at a value of 0.32.

Earnings analysis for DiamondRock Hospitality Company [DRH]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DRH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DiamondRock Hospitality Company go to -9.50%.

Insider trade positions for DiamondRock Hospitality Company [DRH]

There are presently around $1,801 million, or 96.30% of DRH stock, in the hands of institutional investors. The top three institutional holders of DRH stocks are: BLACKROCK INC. with ownership of 40,344,471, which is approximately 2.734% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 37,366,640 shares of the stock with an approximate value of $315.75 million in DRH stocks shares; and STATE STREET CORP, currently with $116.75 million in DRH stock with ownership of nearly 2.332% of the company’s market capitalization.

Positions in DiamondRock Hospitality Company stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 108 institutional holders increased their position in DiamondRock Hospitality Company [NYSE:DRH] by around 13,378,597 shares. Additionally, 134 investors decreased positions by around 15,864,799 shares, while 23 investors held positions by with 183,883,915 shares. The mentioned changes placed institutional holdings at 213,127,311 shares, according to the latest SEC report filing. DRH stock had 18 new institutional investments in for a total of 1,590,143 shares, while 33 institutional investors sold positions of 8,371,376 shares during the same period.


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