Choice Hotels International, Inc. (NYSE:CHH) EVP Sells $519,050.00 in Stock

Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Choice Hotels International Trading Down 0.1 %

Shares of CHH opened at $143.10 on Friday. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $157.86. The firm has a fifty day simple moving average of $145.45 and a 200 day simple moving average of $139.35. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.90 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is 18.46%.

Institutional Investors Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA increased its holdings in Choice Hotels International by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company’s stock worth $506,000 after buying an additional 74 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Choice Hotels International by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company’s stock valued at $1,838,000 after acquiring an additional 76 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after acquiring an additional 86 shares during the period. Captrust Financial Advisors increased its stake in shares of Choice Hotels International by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 2,069 shares of the company’s stock worth $294,000 after purchasing an additional 90 shares during the last quarter. Finally, Occudo Quantitative Strategies LP raised its holdings in shares of Choice Hotels International by 3.2% in the 4th quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company’s stock valued at $435,000 after purchasing an additional 95 shares during the period. Institutional investors own 65.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHH. The Goldman Sachs Group upped their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price target on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Truist Financial lifted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised Choice Hotels International from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Robert W. Baird lifted their price target on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $139.92.

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.