Choice Hotels International, Inc. (NYSE:CHH) EVP Sells $13,247.00 in Stock

Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich sold 100 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $132.47, for a total value of $13,247.00. Following the completion of the sale, the executive vice president owned 70,881 shares of the company’s stock, valued at $9,389,606.07. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Dominic Dragisich also recently made the following trade(s):

• On Tuesday, July 8th, Dominic Dragisich sold 4,900 shares of Choice Hotels International stock. The stock was sold at an average price of $132.72, for a total value of $650,328.00.
• On Tuesday, July 1st, Dominic Dragisich sold 5,000 shares of Choice Hotels International stock. The stock was sold at an average price of $128.54, for a total value of $642,700.00.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $131.46 on Thursday. Choice Hotels International, Inc. has a 1 year low of $116.20 and a 1 year high of $157.86. The business has a 50 day simple moving average of $127.50 and a two-hundred day simple moving average of $134.36. The firm has a market capitalization of $6.10 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.23 and a beta of 0.96.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.04). The firm had revenue of $332.86 million during the quarter, compared to analysts’ expectations of $348.52 million. Choice Hotels International had a net margin of 19.75% and a negative return on equity of 377.51%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. Equities research analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.2875 per share. The ex-dividend date is Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.87%. Choice Hotels International’s dividend payout ratio is currently 17.56%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CHH shares. Wall Street Zen cut Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Robert W. Baird reduced their target price on Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, May 19th. Truist Financial reduced their target price on Choice Hotels International from $144.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, May 30th. Susquehanna set a $140.00 target price on Choice Hotels International and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. started coverage on Choice Hotels International in a report on Monday, June 23rd. They issued an “underweight” rating and a $124.00 target price on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $131.31.

Institutional Trading of Choice Hotels International

A number of hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Choice Hotels International by 119.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company’s stock worth $49,000 after buying an additional 212 shares during the period. Rhumbline Advisers lifted its holdings in Choice Hotels International by 1.0% during the first quarter. Rhumbline Advisers now owns 71,772 shares of the company’s stock worth $9,530,000 after buying an additional 726 shares during the period. Jane Street Group LLC lifted its holdings in Choice Hotels International by 89.8% during the first quarter. Jane Street Group LLC now owns 50,138 shares of the company’s stock worth $6,657,000 after buying an additional 23,726 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Choice Hotels International by 8.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 108,512 shares of the company’s stock worth $14,408,000 after buying an additional 8,887 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Choice Hotels International during the first quarter worth $1,634,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

About Choice Hotels International

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.