GreenTree Hospitality Group Ltd – (GHG) Given Average Rating of “Strong Buy” by Brokerages

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GreenTree Hospitality Group Ltd – (NYSE:GHG) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $17.50 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given GreenTree Hospitality Group an industry rank of 96 out of 255 based on the ratings given to related companies.

GHG has been the topic of several recent research reports. Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. CLSA initiated coverage on GreenTree Hospitality Group in a research report on Tuesday, January 22nd. They set a “buy” rating and a $15.70 price target on the stock.

Hedge funds have recently modified their holdings of the company. Trexquant Investment LP bought a new stake in shares of GreenTree Hospitality Group in the 3rd quarter worth approximately $170,000. Two Sigma Advisers LP boosted its position in shares of GreenTree Hospitality Group by 7.3% during the fourth quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock valued at $304,000 after purchasing an additional 1,600 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of GreenTree Hospitality Group during the third quarter valued at approximately $410,000. Public Employees Retirement System of Ohio boosted its position in shares of GreenTree Hospitality Group by 14.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 67,361 shares of the company’s stock valued at $875,000 after purchasing an additional 8,736 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of GreenTree Hospitality Group by 16.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 71,000 shares of the company’s stock valued at $922,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Shares of NYSE GHG traded down $0.11 during trading hours on Wednesday, reaching $14.60. 95,417 shares of the stock traded hands, compared to its average volume of 80,616. The stock has a market cap of $1.45 billion and a price-to-earnings ratio of 23.93. GreenTree Hospitality Group has a 52-week low of $9.50 and a 52-week high of $25.10.

GreenTree Hospitality Group (NYSE:GHG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. GreenTree Hospitality Group had a return on equity of 25.30% and a net margin of 41.76%. The business had revenue of $36.34 million for the quarter. As a group, sell-side analysts anticipate that GreenTree Hospitality Group will post 0.81 earnings per share for the current fiscal year.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd., through its subsidiaries, owns, operates, leases, franchises, and manages hotels in the People's Republic of China. The company operates hotels under the various brands, including GreenTree Eastern, as well as Gme, Gya, and VX; GreenTree Inns and GreenTree Alliance; and Vatica and Shell.

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