Choice Hotels International, Inc. (NYSE:CHH) CEO Sells $1,042,480.40 in Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 7,192 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $58,656,336.70. This represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, November 6th, Patrick Pacious sold 26,816 shares of Choice Hotels International stock. The shares were sold at an average price of $144.69, for a total value of $3,880,007.04.
• 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 Stock Down 0.4 %

CHH stock opened at $144.22 on Friday. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $149.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The company has a market cap of $6.76 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The business’s 50-day simple moving average is $133.93 and its 200 day simple moving average is $125.35.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. On average, research analysts anticipate that Choice Hotels International, Inc. will post 6.82 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s payout ratio is 22.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Jefferies Financial Group cut 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, November 6th. Truist Financial lowered their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group upped their target price on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and a consensus price target of $130.00.

Institutional Trading of Choice Hotels International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHH. Allspring Global Investments Holdings LLC boosted its holdings in Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Choice Hotels International by 62.8% during the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after acquiring an additional 8,485 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Choice Hotels International by 6.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $545,000 after acquiring an additional 246 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Choice Hotels International in the 1st quarter valued at $500,000. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Choice Hotels International by 73.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,848 shares of the company’s stock worth $992,000 after purchasing an additional 3,314 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

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.