Choice Hotels International Inc. (NYSE:CHH) was down 0.3% during trading on Friday . The company traded as low as $47.67 and last traded at $47.72, with a volume of 269,579 shares changing hands. The stock had previously closed at $47.84.

A number of equities research analysts have commented on CHH shares. Zacks Investment Research raised Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Bank of America Corp. reissued a “buy” rating and issued a $50.00 price objective (down previously from $53.00) on shares of Choice Hotels International in a research note on Friday, May 20th. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $43.00 price objective for the company. in a research note on Wednesday, June 1st. Deutsche Bank AG reissued a “hold” rating on shares of Choice Hotels International in a research note on Sunday, June 26th. Finally, Wolfe Research initiated coverage on Choice Hotels International in a research report on Wednesday. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.20.

The company has a 50 day moving average price of $46.31 and a 200 day moving average price of $48.37. The firm has a market cap of $2.68 billion and a price-to-earnings ratio of 21.65.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.04. The business earned $207.10 million during the quarter, compared to analyst estimates of $182.81 million. Choice Hotels International’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Equities research analysts anticipate that Choice Hotels International Inc. will post $2.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, June 29th.

In other news, SVP Simone Wu sold 7,625 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $45.92, for a total value of $350,140.00. Following the completion of the transaction, the senior vice president now owns 15,534 shares of the company’s stock, valued at approximately $713,321.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David L. White sold 32,090 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $45.70, for a total value of $1,466,513.00. Following the completion of the transaction, the insider now directly owns 98,786 shares of the company’s stock, valued at approximately $4,514,520.20. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in CHH. Sei Investments Co. raised its position in shares of Choice Hotels International by 0.6% in the fourth quarter. Sei Investments Co. now owns 23,840 shares of the company’s stock valued at $1,202,000 after buying an additional 143 shares in the last quarter. Rhumbline Advisers raised its position in shares of Choice Hotels International by 4.1% in the fourth quarter. Rhumbline Advisers now owns 39,419 shares of the company’s stock valued at $1,987,000 after buying an additional 1,549 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Choice Hotels International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 65,659 shares of the company’s stock valued at $3,310,000 after buying an additional 1,032 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Choice Hotels International by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 92,700 shares of the company’s stock valued at $4,673,000 after buying an additional 2,500 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Choice Hotels International by 6.5% in the fourth quarter. TD Asset Management Inc. now owns 103,000 shares of the company’s stock valued at $5,192,000 after buying an additional 6,300 shares in the last quarter.

Choice Hotels International, Inc (Choice) is a hotel franchisor. Choice franchises lodging properties under various brand names: Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection (collectively, the Choice brands).

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