Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious Sells 10,025 Shares of Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Choice Hotels International Trading Down 0.1 %

CHH stock opened at $120.80 on Thursday. The firm has a fifty day moving average price of $124.66 and a 200 day moving average price of $121.02. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $134.44. The firm has a market cap of $5.82 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. During the same period in the previous year, the business earned $1.75 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.38 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.95%. Choice Hotels International’s payout ratio is currently 24.68%.

Institutional Investors Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in shares of Choice Hotels International by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock valued at $897,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System increased its position in Choice Hotels International by 1.7% during the first quarter. State of Michigan Retirement System now owns 6,032 shares of the company’s stock valued at $762,000 after acquiring an additional 100 shares during the last quarter. AGF Management Ltd. raised its stake in shares of Choice Hotels International by 0.5% in the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after acquiring an additional 101 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its holdings in shares of Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock worth $219,000 after acquiring an additional 127 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays lowered their price objective on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Robert W. Baird dropped their price target on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Truist Financial cut their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. UBS Group lowered their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $129.27.

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.