Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich Sells 100 Shares

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) EVP Dominic Dragisich sold 100 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $132.47, for a total transaction of $13,247.00. Following the completion of the transaction, the executive vice president directly owned 70,881 shares of the company's stock, valued at approximately $9,389,606.07. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, July 1st, Dominic Dragisich sold 5,000 shares of Choice Hotels International stock. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00.

Choice Hotels International Trading Up 1.2%

CHH stock traded up $1.64 during midday trading on Tuesday, hitting $133.16. The stock had a trading volume of 106,416 shares, compared to its average volume of 389,679. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.22 and a beta of 0.96. Choice Hotels International, Inc. has a 52 week low of $116.13 and a 52 week high of $157.86. The stock has a 50-day simple moving average of $127.29 and a 200 day simple moving average of $134.39.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.34 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 analyst estimates of $348.52 million. Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. Choice Hotels International's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. On average, equities analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's dividend payout ratio (DPR) is currently 17.56%.

Analyst Ratings Changes

CHH has been the topic of a number of research analyst reports. Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. initiated coverage on shares of Choice Hotels International in a research report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Choice Hotels International from a "sell" rating to a "buy" rating and lowered their price objective for the company from $141.00 to $138.00 in a research report on Monday, April 14th. Jefferies Financial Group lowered their price objective on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Robert W. Baird lowered their price objective on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Four equities 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $131.31.

Institutional Investors Weigh In On Choice Hotels International

Several large investors have recently made changes to their positions in CHH. Kayne Anderson Rudnick Investment Management LLC increased its position in Choice Hotels International by 0.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,981,731 shares of the company's stock worth $528,694,000 after buying an additional 25,487 shares during the period. Vanguard Group Inc. grew its holdings in shares of Choice Hotels International by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company's stock worth $339,464,000 after purchasing an additional 133,216 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Choice Hotels International during the first quarter worth about $49,799,000. Raymond James Financial Inc. bought a new stake in shares of Choice Hotels International during the fourth quarter worth about $48,201,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Choice Hotels International by 69.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock worth $41,577,000 after acquiring an additional 120,376 shares during the period. Institutional investors and hedge funds own 65.57% of the company's stock.

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.

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