Key Points
- CFO Scott Oaksmith sold 2,000 shares for $240,700, at an average price of $120.35. After the sale, he held 31,172 shares, a 6.03% reduction in his ownership.
- Choice Hotels reported quarterly earnings of $2.33 per share, beating the $2.29 analyst consensus, while revenue of $458.33 million also topped estimates and rose 2.5% year over year.
- Analysts have a consensus “Hold” rating on the stock, with an average price target of $114.86.
Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) CFO Scott Oaksmith sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $120.35, for a total transaction of $240,700.00. Following the completion of the transaction, the chief financial officer owned 31,172 shares in the company, valued at approximately $3,751,550.20. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Choice Hotels International Price Performance
Choice Hotels International stock opened at $117.90 on Friday. Choice Hotels International, Inc. has a 12-month low of $84.04 and a 12-month high of $123.82. The stock has a market capitalization of $5.25 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.76 and a beta of 0.65. The firm's 50-day moving average is $104.97 and its two-hundred day moving average is $107.32. The company has a debt-to-equity ratio of 16.52, a current ratio of 1.26 and a quick ratio of 0.93.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The business had revenue of $458.33 million during the quarter, compared to the consensus estimate of $447.56 million. Choice Hotels International had a net margin of 12.65% and a return on equity of 216.71%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 earnings per share. Equities analysts predict that Choice Hotels International, Inc. will post 6.94 earnings per share for the current year.
Choice Hotels International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 1.0%. Choice Hotels International's dividend payout ratio (DPR) is 25.56%.
Wall Street Analyst Weigh In
CHH has been the subject of several recent analyst reports. Freedom Broker assumed coverage on shares of Choice Hotels International in a research note on Wednesday, October 14th. They issued a "buy" rating and a $117.00 target price for the company. Mizuho began coverage on Choice Hotels International in a research note on Thursday, August 27th. They set a "neutral" rating and a $106.00 price target on the stock. Barclays raised their price objective on Choice Hotels International from $103.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $124.00 price objective on shares of Choice Hotels International in a research report on Thursday, August 6th. Finally, Robert W. Baird dropped their target price on Choice Hotels International from $129.00 to $128.00 and set an "outperform" rating for the company in a research note on Tuesday, September 29th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $114.86.
Get Our Latest Analysis on CHH
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in shares of Choice Hotels International by 1,009.6% in the first quarter. Janus Henderson Group PLC now owns 139,550 shares of the company's stock worth $14,445,000 after acquiring an additional 126,973 shares during the last quarter. SummitTX Capital L.P. increased its position in Choice Hotels International by 247.3% during 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 during the last quarter. Alyeska Investment Group L.P. acquired a new position in Choice Hotels International during the second quarter worth approximately $8,380,000. Quantinno Capital Management LP increased 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 last quarter. Finally, Heartland Advisors Inc. acquired a new position in Choice Hotels International during the first quarter worth approximately $6,452,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.
Choice Hotels International Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
