GreenTree Hospitality Group (NYSE:GHG) Stock Rating Lowered by Zacks Investment Research
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.
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.
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