Savoir Faire Capital Management L.P. Makes New Investment in Choice Hotels International, Inc. (NYSE:CHH)

Savoir Faire Capital Management L.P. bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,988 shares of the company's stock, valued at approximately $795,000.

A number of other institutional investors have also added to or reduced their stakes in CHH. UMB Bank n.a. boosted its stake in shares of Choice Hotels International by 66.2% during the first quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the period. HM Payson & Co. bought a new position in Choice Hotels International in the first quarter worth about $35,000. Signaturefd LLC grew its stake in shares of Choice Hotels International by 64.7% during the first quarter. Signaturefd LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 108 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after acquiring an additional 86 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Choice Hotels International during the fourth quarter worth about $62,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Choice Hotels International in a research report on Monday, June 23rd. They issued an "underweight" rating and a $124.00 target price on the stock. 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 price objective on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Morgan Stanley restated an "underweight" rating and issued a $121.00 price objective on shares of Choice Hotels International in a research report on Tuesday, July 15th. Finally, Barclays upped their target price on Choice Hotels International from $111.00 to $121.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $134.38.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 5,000 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total value of $642,700.00. Following the sale, the executive vice president directly owned 70,881 shares in the company, valued at $9,111,043.74. The trade was a 6.59% 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. Also, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the completion of the sale, the director owned 52,212 shares in the company, valued at approximately $6,764,586.72. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,000 shares of company stock worth $1,565,395. 24.02% of the stock is currently owned by corporate insiders.

Choice Hotels International Trading Up 1.5%

Choice Hotels International stock traded up $1.99 during midday trading on Tuesday, reaching $132.81. 84,019 shares of the stock traded hands, compared to its average volume of 381,645. The company has a 50-day simple moving average of $128.51 and a two-hundred day simple moving average of $133.85. Choice Hotels International, Inc. has a 12-month low of $116.20 and a 12-month high of $157.86. The firm has a market cap of $6.16 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.04). The company had revenue of $332.86 million during 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 business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 EPS. Equities research analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.87%. The ex-dividend date was Tuesday, July 1st. Choice Hotels International's dividend payout ratio (DPR) is 17.56%.

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.