Choice Hotels International, Inc. (NYSE:CHH) Insider Patrick Cimerola Sells 1,714 Shares

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) insider Patrick Cimerola sold 1,714 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the transaction, the insider now owns 18,084 shares of the company's stock, valued at $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Choice Hotels International Stock Performance

Shares of CHH stock traded down $0.71 during trading on Tuesday, reaching $133.59. 258,673 shares of the company's stock were exchanged, compared to its average volume of 489,385. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $135.50. The firm's fifty day moving average price is $126.96 and its 200-day moving average price is $122.36. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock has a market capitalization of $6.43 billion, a PE ratio of 28.67, a PEG ratio of 2.20 and a beta of 1.25.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same period in the previous year, the company earned $1.75 earnings per share. Choice Hotels International's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International's payout ratio is 24.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 target price for the company. in a research note on Friday, July 19th. Robert W. Baird dropped their price target on Choice Hotels International from $137.00 to $134.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. Truist Financial decreased their price objective on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Finally, Susquehanna started coverage on shares of Choice Hotels International in a report on Friday, June 21st. They set a "neutral" rating and a $125.00 target price on the stock. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $125.64.

Institutional Trading of Choice Hotels International

Several hedge funds have recently added to or reduced their stakes in CHH. Kayne Anderson Rudnick Investment Management LLC increased its position in Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock worth $488,590,000 after buying an additional 1,788,563 shares during the period. Vanguard Group Inc. grew its position in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company's stock worth $345,957,000 after purchasing an additional 195,956 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company's stock worth $19,254,000 after purchasing an additional 145,893 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company's stock valued at $31,767,000 after buying an additional 90,765 shares in the last quarter. Finally, Norden Group LLC raised its position in shares of Choice Hotels International by 2,171.1% in the first quarter. Norden Group LLC now owns 55,664 shares of the company's stock valued at $7,033,000 after buying an additional 53,213 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

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.