Zacks Investment Research upgraded shares of GreenTree Hospitality Group (NYSE:GHG) from a sell rating to a hold rating in a report published on Tuesday.
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, Goldman Sachs Group started coverage on shares of GreenTree Hospitality Group in a report on Monday, September 24th. They set a neutral rating and a $15.50 price target on the stock.
GreenTree Hospitality Group (NYSE:GHG) last released its quarterly earnings results on Thursday, August 23rd. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $35.27 million for the quarter. As a group, equities research analysts forecast that GreenTree Hospitality Group will post 0.67 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in GreenTree Hospitality Group by 95.3% during the second quarter. FMR LLC now owns 62,100 shares of the company’s stock worth $1,123,000 after purchasing an additional 30,300 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in GreenTree Hospitality Group in the second quarter valued at about $847,000. Acadian Asset Management LLC purchased a new position in GreenTree Hospitality Group in the second quarter valued at about $883,000. Highbridge Capital Management LLC purchased a new position in GreenTree Hospitality Group in the first quarter valued at about $638,000. Finally, Comerica Bank purchased a new position in GreenTree Hospitality Group in the second quarter valued at about $889,000. Institutional investors and hedge funds 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.
Recommended Story: How to Calculate Compound Annual Growth Rate (CAGR)
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.