Shares of GreenTree Hospitality Group Ltd – (NYSE:GHG) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $17.55 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given GreenTree Hospitality Group an industry rank of 97 out of 256 based on the ratings given to its competitors.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Goldman Sachs Group assumed coverage on GreenTree Hospitality Group in a research report on Monday, September 24th. They set a “neutral” rating and a $15.50 target price for the company.
GreenTree Hospitality Group (NYSE:GHG) last announced its quarterly earnings data on Monday, November 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $37.39 million for the quarter. On average, equities analysts expect that GreenTree Hospitality Group will post 0.64 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in GHG. Trexquant Investment LP bought a new stake in shares of GreenTree Hospitality Group during the third quarter worth $170,000. Prudence Asset Management Ltd bought a new stake in shares of GreenTree Hospitality Group in the third quarter valued at about $254,000. Marshall Wace LLP bought a new stake in shares of GreenTree Hospitality Group in the third quarter valued at about $410,000. Thornburg Investment Management Inc. raised its holdings in shares of GreenTree Hospitality Group by 12.2% in the third quarter. Thornburg Investment Management Inc. now owns 64,976 shares of the company’s stock valued at $825,000 after acquiring an additional 7,050 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of GreenTree Hospitality Group in the second quarter valued at about $847,000. Institutional investors and hedge funds own 9.14% 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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