Insider Selling: Choice Hotels International, Inc. (NYSE:CHH) EVP Sells 2,500 Shares of Stock

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) EVP Dominic Dragisich sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total value of $341,125.00. Following the transaction, the executive vice president owned 68,381 shares in the company, valued at approximately $9,330,587.45. This trade represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $132.72, for a total value of $650,328.00.
• On Thursday, July 3rd, Dominic Dragisich sold 100 shares of Choice Hotels International stock. The shares were sold at an average price of $132.47, for a total value of $13,247.00.
• 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 Trading Up 1.5%

CHH stock traded up $1.97 during trading on Friday, reaching $134.98. The stock had a trading volume of 118,313 shares, compared to its average volume of 424,303. 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 $6.26 billion, a P/E ratio of 20.62, a PEG ratio of 2.77 and a beta of 0.96. The firm has a fifty day moving average price of $128.95 and a 200 day moving average price of $133.69.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its 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). Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The company had revenue of $332.86 million during the quarter, compared to analysts' expectations of $348.52 million. During the same quarter in the previous year, the company earned $1.28 EPS. The firm's quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, July 1st. Choice Hotels International's dividend payout ratio is 17.56%.

Hedge Funds Weigh In On Choice Hotels International

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Choice Hotels International by 56.9% in the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock valued at $2,541,000 after purchasing an additional 6,493 shares during the last quarter. SG Americas Securities LLC increased its position in Choice Hotels International by 492.4% during the 1st quarter. SG Americas Securities LLC now owns 5,207 shares of the company's stock valued at $691,000 after purchasing an additional 4,328 shares during the period. Bank of New York Mellon Corp increased its position in Choice Hotels International by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company's stock valued at $31,077,000 after purchasing an additional 7,159 shares during the period. MQS Management LLC acquired a new stake in Choice Hotels International during the 1st quarter valued at approximately $434,000. Finally, Essex Financial Services Inc. bought a new position in shares of Choice Hotels International in the 1st quarter worth $278,000. 65.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CHH shares. Jefferies Financial Group lowered their price objective on 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. Truist Financial lowered their target price on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a report on Friday, May 30th. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the company a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price target 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. Finally, UBS Group lowered their target price on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $134.38.

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.