Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich Sells 9,138 Shares

Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the sale, the executive vice president now owns 68,509 shares in the company, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Choice Hotels International Trading Up 0.3 %

Shares of NYSE:CHH traded up $0.38 during midday trading on Tuesday, reaching $134.68. The company’s stock had a trading volume of 27,316 shares, compared to its average volume of 488,222. The firm has a 50 day moving average price of $126.80 and a two-hundred day moving average price of $122.31. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $135.50. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 2.20 and a beta of 1.25. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same period last year, the business earned $1.75 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that Choice Hotels International, Inc. will post 6.38 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.85%. Choice Hotels International’s payout ratio is 24.68%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CHH shares. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research note on Friday, July 19th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Robert W. Baird dropped their price objective on shares of Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, August 12th. UBS Group reduced their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Susquehanna assumed coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $125.64.

Institutional Investors Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Blue Trust Inc. lifted its holdings in Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the period. Covestor Ltd increased its position in shares of Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after purchasing an additional 367 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.