What was the weighted-average price per share for Caption By Hyatt's repurchased shares in 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
evant in our sole discretion. The common stock repurchase program applies to our Class A and Class B
common stock. The share repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time and does not have an expiration date.
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Total number |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the weighted-average price per share for repurchased shares in 2023 was $109.86. During 2023, Caption By Hyatt repurchased a total of 4,123,828 shares. The aggregate purchase price for these shares amounted to $453 million.
Share repurchases can impact a company's stock price and financial ratios. Reducing the number of outstanding shares can increase earnings per share, potentially making the stock more attractive to investors. The repurchases represented 4% of the total common stock outstanding.
A prospective Caption By Hyatt franchisee should consider these figures in the context of the company's overall financial health and capital allocation strategy. Share repurchase programs can be a way for a company to return value to shareholders, but it's important to understand the reasons behind the repurchases and their potential impact on the company's financial stability and future growth prospects.