Robert J. Mcdowell Sells 8,712 Shares of Choice Hotels International, Inc. (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH) insider Robert J. Mcdowell sold 8,712 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $134.99, for a total transaction of $1,176,032.88. Following the completion of the transaction, the insider now directly owns 38,502 shares of the company’s stock, valued at $5,197,384.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Choice Hotels International Stock Performance

Shares of CHH opened at $134.88 on Thursday. The company has a market cap of $6.50 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25. The firm has a 50-day moving average of $127.18 and a 200-day moving average of $122.45. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $135.94. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $438.29 million. During the same quarter in the previous year, the business posted $1.75 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that Choice Hotels International, Inc. will post 6.38 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.85%. Choice Hotels International’s dividend payout ratio (DPR) is 24.68%.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Michigan Retirement System boosted its holdings in shares of Choice Hotels International by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 6,032 shares of the company’s stock worth $762,000 after buying an additional 100 shares during the period. AGF Management Ltd. boosted its holdings in shares of Choice Hotels International by 0.5% during the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock worth $2,492,000 after acquiring an additional 101 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Choice Hotels International by 144.4% in 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 during the last quarter. MJP Associates Inc. ADV grew its position in shares of Choice Hotels International by 7.4% in the second quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock valued at $219,000 after purchasing an additional 127 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of Choice Hotels International by 4.4% during the second quarter. Caprock Group LLC now owns 3,251 shares of the company’s stock worth $387,000 after purchasing an additional 137 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CHH. Truist Financial lowered 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. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a report on Friday, July 19th. The Goldman Sachs Group initiated coverage on shares of Choice Hotels International in a report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price objective on the stock. Susquehanna started coverage on Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 target price for the company. Finally, Barclays dropped their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International currently has an average rating of “Hold” and an average price target of $125.64.

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.