B. Riley Believes RLH Won’t Stop Here

By Jason Carr

B. Riley analyst Eric Wold maintained a Buy rating on Red Lion Hotels (NYSE: RLH) today and set a price target of $11. The company’s shares closed yesterday at $8.75, close to its 52-week high of $8.80.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 11.3% and a 61.0% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.

Red Lion Hotels has an analyst consensus of Moderate Buy, with a price target consensus of $11.

Based on Red Lion Hotels’ latest earnings report from June 30, the company posted quarterly revenue of $44.98M and quarterly net profit of $163K. In comparison, last year the company earned revenue of $43.74M and had a net profit of $809K.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Raymond Brandstrom, a Director at RLH bought 1,000 shares for a total of $7,030.

Red Lion Hotels Corp. is a hospitality and leisure company, which engages in the franchising, management and ownership of hotels under proprietary brands, including Red Lion Hotels, Red Lion Inns & Suites and Leo Hotel Collection. The company operates its business through following segments: Hotels, Franchise Hotels and Entertainment. The Hotels segment provides guest rooms and food & beverage operations at its owned and leased hotels. The Franchise Hotels segment is engaged primarily in licensing the Red Lion brand to franchisees. The Entertainment segment is primarily engaged in ticketing services and promotion and presentation of entertainment productions under the operations of TicketsWest and WestCoast Entertainment. It offers ticketing inventory management systems, call center services, and outlet/electronic channel distribution for event locations. The company was founded in 1937 and is headquartered in Spokane, WA.