Choice Hotels International CEO Sells 25,939 Shares (CHH)
Choice Hotels International (NYSE:CHH) CEO Stephen P. Joyce sold 25,939 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $50.01, for a total transaction of $1,297,209.39. Following the completion of the transaction, the chief executive officer now directly owns 125,763 shares in the company, valued at approximately $6,289,408. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CHH. Analysts at Barclays reiterated an “equal weight” rating on shares of Choice Hotels International in a research note on Monday. They now have a $49.00 price target on the stock, up previously from $47.00. Separately, analysts at Wells Fargo & Co. upgraded shares of Choice Hotels International from an “underperform” rating to a “market perform” rating in a research note on Tuesday, August 12th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Choice Hotels International from $36.00 to $39.00 in a research note on Friday, August 8th. They now have an “underweight” rating on the stock. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Choice Hotels International presently has an average rating of “Hold” and an average target price of $44.44.
Choice Hotels International (NYSE:CHH) traded up 1.43% on Monday, hitting $50.98. The stock had a trading volume of 111,026 shares. Choice Hotels International has a one year low of $37.94 and a one year high of $50.58. The stock’s 50-day moving average is $48.41 and its 200-day moving average is $46.73. The company has a market cap of $2.952 billion and a price-to-earnings ratio of 24.78.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Friday, August 8th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.11. The company had revenue of $197.66 million for the quarter, compared to the consensus estimate of $193.28 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Choice Hotels International will post $1.95 EPS for the current fiscal year.
Choice Hotels International, Inc(NYSE:CHH) is one of the hotel franchisors with 6,243 hotels open and 482 hotels under construction, awaiting conversion or approved for development as of December 31, 2012 representing 499,253 rooms open and 38,969 rooms under construction, awaiting conversion or approved for development in 49 states, the District of Columbia and over 35 countries and territories outside the United States.
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