Choice Hotels International, Inc. (NYSE:CHH) Insider Sells $1,658,435.72 in Stock

Choice Hotels International, Inc. (NYSE:CHH) insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the transaction, the insider now directly owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Choice Hotels International Stock Performance

Shares of CHH opened at $129.43 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 177.75. The stock has a market cap of $6.23 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.27 and a beta of 1.23. The business’s 50 day moving average price is $117.94 and its 200-day moving average price is $119.06. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $136.02.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, May 8th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.15 by $0.13. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The business had revenue of $331.90 million for the quarter, compared to the consensus estimate of $343.04 million. During the same period in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International, Inc. will post 6.46 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.89%. Choice Hotels International’s dividend payout ratio is currently 24.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after acquiring an additional 195,956 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Choice Hotels International by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock worth $106,402,000 after purchasing an additional 554,479 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Choice Hotels International by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after purchasing an additional 62,174 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Choice Hotels International by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock valued at $30,130,000 after buying an additional 6,658 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Choice Hotels International by 14.3% in the 1st quarter. Raymond James & Associates now owns 237,620 shares of the company’s stock worth $30,023,000 after buying an additional 29,677 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial decreased their target price on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Robert W. Baird decreased their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Barclays reduced their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, April 19th. Finally, Susquehanna began coverage on shares of Choice Hotels International in a report on Friday, June 21st. They issued a “neutral” rating and a $125.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $129.09.

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.