Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) CEO Dominic Dragisich sold 1,227 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $112.00, for a total value of $137,424.00. Following the sale, the chief executive officer owned 90,055 shares in the company, valued at approximately $10,086,160. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Choice Hotels International Trading Up 2.3%
NYSE CHH traded up $2.49 during trading hours on Tuesday, reaching $112.13. The company’s stock had a trading volume of 167,888 shares, compared to its average volume of 622,658. The firm has a fifty day simple moving average of $103.23 and a 200-day simple moving average of $108.08. The stock has a market cap of $5.05 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.74 and a beta of 0.71. Choice Hotels International, Inc. has a 52 week low of $84.04 and a 52 week high of $123.82. The company has a debt-to-equity ratio of 14.08, a current ratio of 0.93 and a quick ratio of 0.93.
Choice Hotels International (NYSE:CHH – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The firm had revenue of $440.76 million for the quarter, compared to analyst estimates of $436.48 million. Choice Hotels International had a net margin of 20.28% and a return on equity of 205.69%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Choice Hotels International has set its FY 2026 guidance at 6.860-7.100 EPS. Equities analysts forecast that Choice Hotels International, Inc. will post 6.97 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 Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 1.0%. Choice Hotels International’s dividend payout ratio is presently 16.24%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CHH shares. Wells Fargo & Company lifted their price objective on Choice Hotels International from $97.00 to $98.00 and gave the stock an “underweight” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of Choice Hotels International from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Truist Financial raised their price objective on Choice Hotels International from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Freedom Broker initiated coverage on shares of Choice Hotels International in a research report on Wednesday, October 14th. They set a “buy” rating and a $117.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $124.00 price target on shares of Choice Hotels International in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $113.08.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Choice Hotels International by 1.7% in the 2nd quarter. Wellington Management Group LLP now owns 669,693 shares of the company’s stock valued at $73,847,000 after acquiring an additional 11,366 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in Choice Hotels International by 1.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 359,407 shares of the company’s stock valued at $37,199,000 after purchasing an additional 3,656 shares during the last quarter. Quantinno Capital Management LP boosted its position in Choice Hotels International by 35.5% during the first quarter. Quantinno Capital Management LP now owns 258,355 shares of the company’s stock worth $26,740,000 after purchasing an additional 67,697 shares during the period. Janus Henderson Group PLC boosted its position in Choice Hotels International by 1,009.6% during the first quarter. Janus Henderson Group PLC now owns 139,550 shares of the company’s stock worth $14,445,000 after purchasing an additional 126,973 shares during the period. Finally, SummitTX Capital L.P. increased its stake in shares of Choice Hotels International by 247.3% in the first quarter. SummitTX Capital L.P. now owns 125,122 shares of the company’s stock worth $12,950,000 after purchasing an additional 89,096 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.
About Choice Hotels International
Choice Hotels International, Inc is a global lodging franchisor that licenses its hotel brands to independent owners and operators. The company supports its franchisees through brand standards, reservation and distribution systems, marketing, loyalty programs, technology, and operational services rather than primarily owning and operating hotels itself.
Its portfolio includes brands serving a range of price points and travel needs, including Comfort, Quality Inn, Sleep Inn, Clarion, Econo Lodge, MainStay Suites, Suburban Studios, WoodSpring Suites, Cambria Hotels, and the Ascend Hotel Collection.
Further Reading
- Five stocks we like better than Choice Hotels International
- IonQ’s Bold Expansion Could Leave Shareholders Paying the Price
- Powering Up: Applied Digital Execs Buy $6.7M in Stock
- Chip Stocks Are Sliding—Why Is Smart Money Buying?
- Adults Are Fueling a Toy Boom—These 4 Stocks Could Cash In
Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.
