Dominic Dragisich Sells 4,900 Shares of Choice Hotels International, Inc. (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) EVP Dominic Dragisich sold 4,900 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $132.72, for a total value of $650,328.00. Following the sale, the executive vice president owned 70,881 shares in the company, valued at $9,407,326.32. This represents a 6.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dominic Dragisich also recently made the following trade(s):

• On Thursday, July 3rd, Dominic Dragisich sold 100 shares of Choice Hotels International stock. The stock was 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 Stock Performance

Shares of Choice Hotels International stock traded down $0.51 on Friday, hitting $134.21. The company had a trading volume of 506,011 shares, compared to its average volume of 390,190. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.27 and a beta of 0.96. Choice Hotels International, Inc. has a 1 year low of $116.20 and a 1 year high of $157.86. The stock has a 50 day moving average of $127.78 and a 200-day moving average of $134.23.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.34 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 negative return on equity of 377.51% and a net margin of 19.75%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Equities analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's dividend payout ratio is presently 17.56%.

Hedge Funds Weigh In On Choice Hotels International

Several institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Choice Hotels International by 0.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,981,731 shares of the company's stock valued at $528,694,000 after acquiring an additional 25,487 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Choice Hotels International by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company's stock valued at $339,464,000 after acquiring an additional 133,216 shares in the last quarter. Millennium Management LLC bought a new position in shares of Choice Hotels International in the first quarter valued at approximately $49,799,000. Raymond James Financial Inc. bought a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $48,201,000. Finally, Balyasny Asset Management L.P. grew its holdings in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after purchasing an additional 120,376 shares during the period. 65.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CHH. Barclays cut their target price on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group cut their target price on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. UBS Group dropped their price objective on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday. The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and dropped their price objective for the company from $141.00 to $138.00 in a research note on Monday, April 14th. Finally, Morgan Stanley dropped their price objective on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. 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 company. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of "Hold" and a consensus price target of $133.15.

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.