Shares of GreenTree Hospitality Group Ltd – (NYSE:GHG) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $20.40 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given GreenTree Hospitality Group an industry rank of 209 out of 255 based on the ratings given to related companies.
Several research analysts have recently issued reports on GHG shares. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Goldman Sachs Group started coverage on shares of GreenTree Hospitality Group in a research note on Monday, September 24th. They issued a “neutral” rating and a $15.50 target price on the stock.
GHG traded down $0.17 during midday trading on Wednesday, reaching $12.23. The company’s stock had a trading volume of 48,000 shares, compared to its average volume of 175,542. GreenTree Hospitality Group has a 1 year low of $10.27 and a 1 year high of $25.10.
GreenTree Hospitality Group (NYSE:GHG) last announced its quarterly earnings data on Thursday, August 23rd. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $35.27 million during the quarter. As a group, equities analysts predict that GreenTree Hospitality Group will post 0.67 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of GHG. Millennium Management LLC bought a new position in shares of GreenTree Hospitality Group in the first quarter worth approximately $4,415,000. Highbridge Capital Management LLC bought a new position in shares of GreenTree Hospitality Group in the first quarter worth approximately $638,000. Acadian Asset Management LLC bought a new position in shares of GreenTree Hospitality Group in the second quarter worth approximately $883,000. State of New Jersey Common Pension Fund D bought a new position in shares of GreenTree Hospitality Group in the second quarter worth approximately $2,072,000. Finally, Comerica Bank bought a new position in shares of GreenTree Hospitality Group in the second quarter worth approximately $889,000. Hedge funds and other institutional investors own 9.98% of the company’s stock.
About GreenTree Hospitality Group
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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