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

A number of equities research analysts recently issued reports on CHH shares. Bank of America Corp. reiterated a “buy” rating and issued a $50.00 price objective (down from $53.00) on shares of Choice Hotels International in a report on Friday, May 20th. Zacks Investment Research upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Deutsche Bank AG restated a “hold” rating on shares of Choice Hotels International in a report on Sunday, June 26th. Wolfe Research started coverage on shares of Choice Hotels International in a report on Wednesday. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $43.00 price target for the company. in a report on Wednesday, June 1st. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $49.20.

The company’s 50-day moving average price is $46.31 and its 200 day moving average price is $48.37. The company has a market capitalization of $2.68 billion and a price-to-earnings ratio of 21.65.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.04. During the same quarter in the prior year, the firm earned $0.37 EPS. The business had revenue of $207.10 million for the quarter, compared to analysts’ expectations of $182.81 million. The company’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts forecast that Choice Hotels International Inc. will post $2.32 EPS for the current fiscal year.

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

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

A number of large investors have modified their holdings of the stock. Sei Investments Co. raised its stake 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 during the last quarter. Rhumbline Advisers raised its stake 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 during the last quarter. California State Teachers Retirement System raised its stake 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 during the last quarter. California Public Employees Retirement System raised its stake 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 during the last quarter. Finally, TD Asset Management Inc. raised its stake 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 during 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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