Boston Trust Walden Corp Buys 20,524 Shares of Choice Hotels International, Inc. $CHH

Boston Trust Walden Corp boosted its stake in Choice Hotels International, Inc. (NYSE:CHH) by 2.2% in the second quarter, HoldingsChannel reports. The firm owned 965,652 shares of the company’s stock after acquiring an additional 20,524 shares during the period. Choice Hotels International makes up approximately 0.9% of Boston Trust Walden Corp’s holdings, making the stock its 23rd largest holding. Boston Trust Walden Corp’s holdings in Choice Hotels International were worth $122,522,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CHH. Jump Financial LLC bought a new stake in Choice Hotels International during the first quarter valued at approximately $3,598,000. SG Americas Securities LLC increased its holdings in Choice Hotels International by 492.4% during the first quarter. SG Americas Securities LLC now owns 5,207 shares of the company’s stock valued at $691,000 after buying an additional 4,328 shares during the last quarter. XTX Topco Ltd increased its holdings in Choice Hotels International by 155.0% during the first quarter. XTX Topco Ltd now owns 13,243 shares of the company’s stock valued at $1,758,000 after buying an additional 8,049 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Choice Hotels International by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock valued at $31,077,000 after buying an additional 7,159 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Choice Hotels International during the first quarter valued at approximately $434,000. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

CHH opened at $100.96 on Tuesday. The firm has a market cap of $4.67 billion, a P/E ratio of 15.53, a PEG ratio of 7.10 and a beta of 0.83. Choice Hotels International, Inc. has a 1-year low of $98.25 and a 1-year high of $157.86. The company has a 50 day simple moving average of $114.00 and a two-hundred day simple moving average of $122.91.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.02. The business had revenue of $426.44 million during the quarter, compared to analyst estimates of $430.13 million. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 earnings per share. Equities analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.1%. Choice Hotels International’s dividend payout ratio is currently 17.69%.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total transaction of $341,125.00. Following the completion of the transaction, the executive vice president owned 68,381 shares in the company, valued at approximately $9,330,587.45. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CHH. JPMorgan Chase & Co. began coverage on shares of Choice Hotels International in a report on Monday, June 23rd. They set an “underweight” rating and a $124.00 target price for the company. UBS Group reduced their target price on shares of Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Bank of America cut shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 target price for the company. in a report on Monday, September 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $121.00 target price on shares of Choice Hotels International in a report on Tuesday, July 15th. Finally, Robert W. Baird reduced their target price on shares of Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $127.92.

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.