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Choice Hotels International (NYSE:CHH) CEO Stephen P. Joyce sold 11,659 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $50.69, for a total value of $590,994.71. Following the completion of the sale, the chief executive officer now directly owns 125,763 shares in the company, valued at approximately $6,374,926. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Choice Hotels International (NYSE:CHH) remained flat at $51.50 during trading on Thursday. The stock had a trading volume of 17,816 shares. Choice Hotels International has a one year low of $37.94 and a one year high of $51.54. The stock has a 50-day moving average of $48.77 and a 200-day moving average of $46.78. The company has a market cap of $2.982 billion and a P/E ratio of 25.39.

Choice Hotels International (NYSE:CHH) last released its earnings data 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. On average, analysts predict that Choice Hotels International will post $1.95 earnings per share for the current fiscal year.

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 research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $44.44.

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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