GreenTree Hospitality Group (NYSE:GHG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “GreenTree Hospitality Group Ltd. operates as a franchised hotel operator. It operates business chain hotels, serviced apartments, shell inns and hostels. The company’s properties include GreenTree Eastern Hotel, GreenTree Inn, GreenTree Alliance Hotel and Vatica Hotel. GreenTree Hospitality Group Ltd. is based in Shanghai, China. “

Separately, China Renaissance Securities began coverage on shares of GreenTree Hospitality Group in a research note on Monday, May 6th. They set a “buy” rating and a $18.40 price objective for the company.

Shares of NYSE GHG opened at $10.97 on Wednesday. GreenTree Hospitality Group has a 52-week low of $9.50 and a 52-week high of $15.99. The firm has a fifty day moving average of $11.72 and a 200-day moving average of $12.67. The stock has a market capitalization of $1.18 billion, a PE ratio of 17.98, a P/E/G ratio of 0.80 and a beta of 1.54.

GreenTree Hospitality Group (NYSE:GHG) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). GreenTree Hospitality Group had a net margin of 46.29% and a return on equity of 24.60%. The company had revenue of $40.05 million for the quarter. On average, sell-side analysts forecast that GreenTree Hospitality Group will post 0.79 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in GHG. Advisors Preferred LLC purchased a new stake in shares of GreenTree Hospitality Group during the 2nd quarter valued at $25,000. TT International purchased a new stake in GreenTree Hospitality Group during the 2nd quarter worth $147,000. Marshall Wace North America L.P. boosted its position in GreenTree Hospitality Group by 747.2% during the 1st quarter. Marshall Wace North America L.P. now owns 11,784 shares of the company’s stock worth $163,000 after purchasing an additional 10,393 shares during the period. JPMorgan Chase & Co. boosted its position in GreenTree Hospitality Group by 52.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,245 shares of the company’s stock worth $272,000 after purchasing an additional 7,345 shares during the period. Finally, Two Sigma Advisers LP boosted its position in GreenTree Hospitality Group by 7.3% during the 4th quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock worth $304,000 after purchasing an additional 1,600 shares during the period. 9.07% of the stock is owned by institutional investors.

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.

Recommended Story: How Do Front-End Loads Impact an Investment?

Get a free copy of the Zacks research report on GreenTree Hospitality Group (GHG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for GreenTree Hospitality Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenTree Hospitality Group and related companies with MarketBeat.com's FREE daily email newsletter.