Boston Trust Walden Corp Buys 20,524 Shares of Choice Hotels International, Inc. $CHH

Key Points

• Boston Trust Walden Corp increased its stake in Choice Hotels International by 2.2%, owning a total of 965,652 shares valued at $122.5 million, making it the company's 23rd largest holding.
• Choice Hotels reported $1.92 earnings per share (EPS) for the last quarter, slightly exceeding expectations of $1.90, despite a revenue decline of 2% compared to the previous year.
• The company has announced a quarterly dividend of $0.2875 per share, reflecting a 1.1% yield, with an ex-dividend date set for October 1st.

Boston Trust Walden Corp grew its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 965,652 shares of the company's stock after purchasing an additional 20,524 shares during the period. Choice Hotels International makes up 0.9% of Boston Trust Walden Corp's investment portfolio, making the stock its 23rd largest holding. Boston Trust Walden Corp owned approximately 2.08% of Choice Hotels International worth $122,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Choice Hotels International by 66.2% during the 1st quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Choice Hotels International during the 1st quarter valued at about $35,000. Signaturefd LLC boosted its stake in shares of Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 108 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Choice Hotels International during the 2nd quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Choice Hotels International by 119.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company's stock valued at $49,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 65.57% of the company's stock.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock opened at $100.96 on Tuesday. The stock has a market capitalization of $4.67 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 7.10 and a beta of 0.83. Choice Hotels International, Inc. has a 52-week low of $98.25 and a 52-week high of $157.86. The company has a 50-day simple moving average of $114.00 and a two-hundred day simple moving average of $122.91.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.02. The business had revenue of $426.44 million during the quarter, compared to analysts' expectations of $430.13 million. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. As a group, equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Choice Hotels International's payout ratio is presently 17.69%.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total value of $341,125.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.02% of the stock is owned by insiders.

Analysts Set New Price Targets

CHH has been the subject of a number of recent research reports. Morgan Stanley reissued an "underweight" rating and set a $121.00 price target on shares of Choice Hotels International in a research report on Tuesday, July 15th. Robert W. Baird lowered their price target on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. UBS Group lowered their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Bank of America cut shares of Choice Hotels International from a "buy" rating to an "underperform" rating and set a $110.00 price target for the company. in a research report on Monday, September 29th. Finally, Barclays lowered their price target on shares of Choice Hotels International from $117.00 to $101.00 and set an "underweight" rating for the company in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Choice Hotels International currently has an average rating of "Reduce" and a consensus target price of $127.92.

Choice Hotels International 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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