What was the weighted-average price per share for Caption By Hyatt shares repurchased 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 shares repurchased 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. These repurchased shares represented 4% of the total common stock outstanding.
Share repurchases can impact a company's stock price and financial ratios. A company might repurchase shares to reduce the number of shares outstanding, which can increase earnings per share and potentially make the stock more attractive to investors. It can also be a way to return capital to shareholders.
For a prospective Caption By Hyatt franchisee, understanding these financial details provides insight into the financial management and capital allocation strategies of the parent company. While share repurchases don't directly impact the operations of a franchise, they reflect the overall financial health and priorities of Caption By Hyatt, which can be an important factor when evaluating the stability and long-term prospects of the franchise system.