Choice Hotels International, Inc. (NYSE:CHH) SVP Simone Wu Sells 2,203 Shares

Choice Hotels International, Inc. (NYSE:CHH) SVP Simone Wu sold 2,203 shares of the stock in a transaction that occurred on Thursday, September 23rd. The stock was sold at an average price of $125.39, for a total transaction of $276,234.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of CHH traded up $0.94 during midday trading on Friday, reaching $127.39. The stock had a trading volume of 162,164 shares, compared to its average volume of 226,494. Choice Hotels International, Inc. has a 1-year low of $82.59 and a 1-year high of $128.21. The company’s fifty day simple moving average is $118.75 and its two-hundred day simple moving average is $116.36. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 0.90 and a beta of 1.49. The company has a debt-to-equity ratio of 10.10, a current ratio of 1.92 and a quick ratio of 1.92.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 5th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.31. Choice Hotels International had a net margin of 15.09% and a return on equity of 683.02%. The business had revenue of $278.34 million for the quarter, compared to analyst estimates of $298.86 million. On average, sell-side analysts forecast that Choice Hotels International, Inc. will post 3.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, October 1st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.71%. Choice Hotels International’s payout ratio is 40.54%.

A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of Choice Hotels International from a “c” rating to a “b” rating in a report on Thursday, August 5th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Tuesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Choice Hotels International from $105.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, August 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $104.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Choice Hotels International by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,165,622 shares of the company’s stock valued at $376,265,000 after buying an additional 33,756 shares during the last quarter. BlackRock Inc. grew its position in shares of Choice Hotels International by 1.1% in the 2nd quarter. BlackRock Inc. now owns 2,647,345 shares of the company’s stock valued at $314,666,000 after buying an additional 29,255 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Choice Hotels International by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,227,318 shares of the company’s stock valued at $131,679,000 after buying an additional 28,455 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Choice Hotels International by 3.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,080,267 shares of the company’s stock valued at $128,401,000 after buying an additional 32,557 shares during the last quarter. Finally, State Street Corp grew its position in shares of Choice Hotels International by 6.7% in the 2nd quarter. State Street Corp now owns 789,511 shares of the company’s stock valued at $94,018,000 after buying an additional 49,742 shares during the last quarter. 58.40% of the stock is currently owned by hedge funds and other institutional investors.

About Choice Hotels International

Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office building owned by the company.

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