Choice Hotels International, Inc. (NYSE:CHH) CEO Sells $3,880,007.04 in Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $58,551,123.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Patrick Pacious also recently made the following trade(s):

• On Tuesday, September 10th, Patrick Pacious sold 10,025 shares of Choice Hotels International stock. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25.

Choice Hotels International Trading Up 0.6 %

Shares of NYSE:CHH traded up $0.81 during midday trading on Friday, hitting $144.79. 130,231 shares of the stock traded hands, compared to its average volume of 480,323. The stock has a market capitalization of $6.84 billion, a PE ratio of 27.57, a P/E/G ratio of 2.15 and a beta of 1.24. The business’s 50 day moving average is $132.10 and its two-hundred day moving average is $124.43. The company has a quick ratio of 0.99, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $149.75.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that Choice Hotels International, Inc. will post 6.78 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently bought and sold shares of CHH. Allspring Global Investments Holdings LLC grew its holdings in Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the period. Blue Trust Inc. grew its holdings in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the period. Covestor Ltd grew its holdings in shares of Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after buying an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHH. Susquehanna lifted their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group reduced their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group boosted their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research report on Tuesday. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research report on Wednesday. Finally, Truist Financial reduced their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $128.70.

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.