Dominic Dragisich Sells 5,000 Shares of Choice Hotels International, Inc. (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) EVP Dominic Dragisich sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the sale, the executive vice president owned 70,881 shares of the company's stock, valued at approximately $9,111,043.74. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Choice Hotels International Trading Up 0.8%

CHH traded up $0.98 on Friday, reaching $131.50. The stock had a trading volume of 273,623 shares, compared to its average volume of 390,745. The business's 50-day moving average price is $127.17 and its two-hundred day moving average price is $134.55. Choice Hotels International, Inc. has a 12-month low of $116.13 and a 12-month high of $157.86. The company has a market cap of $6.10 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results 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 net margin of 19.75% and a negative return on equity of 377.51%. The company had revenue of $332.86 million during the quarter, compared to analyst estimates of $348.52 million. During the same period in the prior year, the business posted $1.28 EPS. Choice Hotels International's revenue was up .3% compared to the same quarter last year. As a group, analysts predict 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 will be paid on Wednesday, July 16th. Stockholders 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 dividend yield of 0.87%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's dividend payout ratio is presently 17.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Choice Hotels International by 66.2% in 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 in the last quarter. HM Payson & Co. acquired a new stake in shares of Choice Hotels International in the 1st quarter worth $35,000. Signaturefd LLC raised its holdings in shares of Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 108 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock valued at $52,000 after acquiring an additional 86 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock valued at $61,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Susquehanna set a $140.00 price target on Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Truist Financial lowered their price objective on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Morgan Stanley lowered their target price on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, Robert W. Baird dropped their price objective on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $131.31.

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.