Patrick Pacious Sells 7,192 Shares of Choice Hotels International, Inc. (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 7,192 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,656,336.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $144.69, for a total transaction 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 Up 0.3 %

Shares of Choice Hotels International stock opened at $144.76 on Thursday. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $149.75. The firm’s 50 day moving average price is $133.53 and its 200-day moving average price is $125.22. 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 $6.79 billion, a P/E ratio of 27.73, a PEG ratio of 2.28 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the prior year, the business posted $1.82 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that Choice Hotels International, Inc. will post 6.82 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Institutional Trading of Choice Hotels International

A number of institutional investors have recently bought and sold shares of CHH. Allspring Global Investments Holdings LLC raised its holdings 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 worth $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. raised its stake in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Covestor Ltd lifted its position in Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the period. Tortoise Investment Management LLC grew its stake in Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after purchasing an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after purchasing an additional 367 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHH. Morgan Stanley lifted their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday. Barclays upped their target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Susquehanna upped their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given 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 $130.00.

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.