Insider Selling: Choice Hotels International, Inc. (NYSE:CHH) CEO Sells 7,192 Shares of Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 7,192 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $120.37, for a total value of $1,206,709.25.

Choice Hotels International Price Performance

CHH stock opened at $144.76 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $149.75. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.28 and a beta of 1.24. The business has a 50 day moving average price of $133.53 and a 200 day moving average price of $125.22.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the prior year, the company earned $1.82 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International, Inc. will post 6.82 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

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

Institutional Investors Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently modified their holdings of CHH. State Board of Administration of Florida Retirement System boosted its position in Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after acquiring an additional 5,156 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Choice Hotels International by 62.8% in 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. Twin Tree Management LP acquired a new position in shares of Choice Hotels International during the 1st quarter valued at $6,248,000. SG Americas Securities LLC boosted its position in Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after purchasing an additional 6,384 shares during the period. Finally, Vanguard Group Inc. increased 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 valued at $345,957,000 after purchasing an additional 195,956 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Analysts Set New Price Targets

CHH has been the subject of a number of analyst reports. Truist Financial decreased their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. 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 report on Thursday, November 7th. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Three 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, the company currently has a consensus rating of “Hold” and an average price target of $130.00.

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.