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

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) EVP Dominic Dragisich sold 100 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $132.47, for a total value 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. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 transaction of $642,700.00.

Choice Hotels International Trading Down 0.4%

Shares of NYSE CHH traded down $0.51 during mid-day trading on Friday, hitting $134.21. The company had a trading volume of 506,011 shares, compared to its average volume of 390,540. Choice Hotels International, Inc. has a 1 year low of $116.20 and a 1 year high of $157.86. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.28 and a beta of 0.96. The stock's 50-day moving average price is $127.78 and its 200-day moving average price is $134.28.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results 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 for 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 last year, the firm earned $1.28 earnings per share. As a group, equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on CHH shares. JPMorgan Chase & Co. initiated coverage on shares of Choice Hotels International in a research report on Monday, June 23rd. They issued an "underweight" rating and a $124.00 price objective on the stock. Barclays lowered their price target on shares of Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group dropped their price objective on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Truist Financial decreased their target price on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Finally, Redburn Atlantic raised Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target on the stock in a research report on Monday, March 24th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $133.15.

Institutional Trading of Choice Hotels International

Several institutional investors and hedge funds have recently made changes to their positions in CHH. Kayne Anderson Rudnick Investment Management LLC increased its stake in Choice Hotels International by 0.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,981,731 shares of the company's stock valued at $528,694,000 after acquiring an additional 25,487 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Choice Hotels International by 5.5% in the 1st 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 in the last quarter. Millennium Management LLC bought a new position in shares of Choice Hotels International during the 1st quarter valued at about $49,799,000. Raymond James Financial Inc. bought a new position in shares of Choice Hotels International during the 4th quarter valued at about $48,201,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Choice Hotels International by 69.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after buying an additional 120,376 shares in the last quarter. Hedge funds and other institutional investors 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.