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

Choice Hotels International, Inc. (NYSE:CHH) EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink.

Choice Hotels International Stock Performance

Shares of NYSE:CHH opened at $143.10 on Friday. The company has a market cap of $6.69 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $157.86. The firm has a 50 day simple moving average of $145.45 and a 200 day simple moving average of $139.21.

Choice Hotels International (NYSE:CHH) last issued its quarterly 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 business had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. On average, equities analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

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

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds have recently made changes to their positions in CHH. Sanctuary Advisors LLC lifted its position in Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after buying an additional 4,219 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Choice Hotels International by 30.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after buying an additional 3,446 shares in the last quarter. Twelve Points Wealth Management LLC purchased a new stake in Choice Hotels International in the 4th quarter worth approximately $879,000. Erste Asset Management GmbH purchased a new stake in Choice Hotels International in the 3rd quarter worth approximately $19,545,000. Finally, Congress Asset Management Co. lifted its position in Choice Hotels International by 17.3% in the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock worth $11,661,000 after buying an additional 12,128 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CHH shares. StockNews.com upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Bank of America increased their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company increased their price objective on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, Susquehanna raised their target price on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.92.

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.