DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires Shares of 6,282 Choice Hotels International, Inc. (NYSE:CHH)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,282 shares of the company's stock, valued at approximately $892,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its position in Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after purchasing an additional 86 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after purchasing an additional 154 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Choice Hotels International in the fourth quarter worth about $62,000. Skandinaviska Enskilda Banken AB publ boosted its position in Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after purchasing an additional 393 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Choice Hotels International in the fourth quarter worth about $65,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CHH. Truist Financial raised their target price on Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research report on Friday, March 21st. 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. Bank of America lifted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Susquehanna lifted their price objective on Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird lifted their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. 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 stock. According to MarketBeat, Choice Hotels International currently has an average rating of "Hold" and a consensus price target of $135.69.

Choice Hotels International Stock Up 0.8%

NYSE CHH traded up $1.02 during trading hours on Thursday, reaching $128.34. The company's stock had a trading volume of 636,720 shares, compared to its average volume of 395,544. The firm's 50-day moving average price is $127.44 and its 200-day moving average price is $139.21. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data 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 472.31% and a net margin of 18.91%. The firm had revenue of $332.86 million during the quarter, compared to the consensus estimate of $348.52 million. During the same period in the previous year, the firm earned $1.28 EPS. The business's revenue was up .3% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's payout ratio is 17.56%.

Insiders Place Their Bets

In other news, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. The trade was a 4.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% 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.