Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich Sells 3,500 Shares

Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Choice Hotels International Trading Down 2.3 %

Choice Hotels International stock opened at $143.07 on Friday. The company has a market capitalization of $6.69 billion, a PE ratio of 22.96, a P/E/G ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $157.86. The stock has a 50-day moving average price of $145.42 and a two-hundred day moving average price of $139.05.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s dividend payout ratio (DPR) is 18.46%.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC raised its position in shares of Choice Hotels International by 33.4% during the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after acquiring an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Choice Hotels International by 30.1% during the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after acquiring an additional 3,446 shares during the last quarter. Twelve Points Wealth Management LLC bought a new position in shares of Choice Hotels International during the fourth quarter worth about $879,000. Erste Asset Management GmbH bought a new position in shares of Choice Hotels International during the third quarter worth about $19,545,000. Finally, Congress Asset Management Co. raised its position in shares of Choice Hotels International by 17.3% during the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock worth $11,661,000 after acquiring an additional 12,128 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHH has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial raised their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price objective on Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.92.

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.