Choice Hotels International (NYSE:CHH) CFO Scott Oaksmith Sells 2,000 Shares of Company Stock

Key Points

• CFO Scott Oaksmith sold 2,000 Choice Hotels shares for $240,700, reducing his direct stake by 6.03% to 31,172 shares.
• Choice Hotels reported quarterly EPS of $2.33, beating the $2.29 consensus, while revenue of $458.33 million also exceeded expectations and rose 2.5% year over year.
• Analysts’ consensus rating is Hold, with a consensus price target of $114.86.

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) CFO Scott Oaksmith sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $120.35, for a total transaction of $240,700.00. Following the sale, the chief financial officer directly owned 31,172 shares in the company, valued at approximately $3,751,550.20. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Choice Hotels International Stock Performance

Shares of NYSE:CHH traded down $2.84 on Thursday, hitting $117.49. 133,127 shares of the company were exchanged, compared to its average volume of 625,183. The firm has a market capitalization of $5.23 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 2.73 and a beta of 0.65. The company has a current ratio of 1.26, a quick ratio of 0.93 and a debt-to-equity ratio of 16.52. Choice Hotels International, Inc. has a 1-year low of $84.04 and a 1-year high of $123.82. The stock's 50 day moving average price is $104.81 and its 200 day moving average price is $107.27.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $458.33 million during the quarter, compared to analysts' expectations of $447.56 million. Choice Hotels International had a return on equity of 216.71% and a net margin of 12.65%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 EPS. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.94 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.0%. Choice Hotels International's dividend payout ratio (DPR) is presently 16.24%.

Institutional Trading of Choice Hotels International

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Choice Hotels International by 1.7% during the second quarter. Wellington Management Group LLP now owns 669,693 shares of the company's stock worth $73,847,000 after acquiring an additional 11,366 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in Choice Hotels International by 0.3% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 360,728 shares of the company's stock worth $36,942,000 after purchasing an additional 1,172 shares in the last quarter. Quantinno Capital Management LP lifted its position in Choice Hotels International by 35.5% in the first quarter. Quantinno Capital Management LP now owns 258,355 shares of the company's stock valued at $26,740,000 after purchasing an additional 67,697 shares during the period. Janus Henderson Group PLC lifted its position in Choice Hotels International by 1,009.6% in the first quarter. Janus Henderson Group PLC now owns 139,550 shares of the company's stock valued at $14,445,000 after purchasing an additional 126,973 shares during the period. Finally, SummitTX Capital L.P. boosted its holdings in Choice Hotels International by 247.3% in the 1st quarter. SummitTX Capital L.P. now owns 125,122 shares of the company's stock valued at $12,950,000 after purchasing an additional 89,096 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Choice Hotels International from $128.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. Morgan Stanley increased their price objective on Choice Hotels International from $92.00 to $93.00 and gave the company an "underweight" rating in a research note on Thursday, October 22nd. Freedom Broker initiated coverage on Choice Hotels International in a report on Wednesday, October 14th. They issued a "buy" rating and a $117.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Choice Hotels International from $119.00 to $121.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 21st. Finally, Mizuho started coverage on shares of Choice Hotels International in a report on Thursday, August 27th. They set a "neutral" rating and a $106.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Choice Hotels International currently has a consensus rating of "Hold" and a consensus target price of $114.86.

About Choice Hotels International

Choice Hotels International, Inc is a global lodging franchisor that licenses its hotel brands to independent owners and operators. The company supports its franchisees through brand standards, reservation and distribution systems, marketing, loyalty programs, technology, and operational services rather than primarily owning and operating hotels itself.

Its portfolio includes brands serving a range of price points and travel needs, including Comfort, Quality Inn, Sleep Inn, Clarion, Econo Lodge, MainStay Suites, Suburban Studios, WoodSpring Suites, Cambria Hotels, and the Ascend Hotel Collection.

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