Shares of GreenTree Hospitality Group Ltd – (NYSE:GHG) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price objective of $18.15 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given GreenTree Hospitality Group an industry rank of 107 out of 257 based on the ratings given to related companies.
Several brokerages have commented on GHG. Zacks Investment Research raised shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Goldman Sachs Group began 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 for the company.
GreenTree Hospitality Group (NYSE:GHG) last issued its earnings results on Thursday, August 23rd. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $35.27 million during the quarter. On average, equities research analysts anticipate that GreenTree Hospitality Group will post 0.66 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in shares of GreenTree Hospitality Group in the third quarter valued at approximately $170,000. Public Employees Retirement System of Ohio acquired a new position in shares of GreenTree Hospitality Group in the second quarter valued at approximately $847,000. Acadian Asset Management LLC acquired a new position in shares of GreenTree Hospitality Group in the second quarter valued at approximately $883,000. Comerica Bank acquired a new position in shares of GreenTree Hospitality Group in the second quarter valued at approximately $889,000. Finally, FMR LLC boosted its holdings in shares of GreenTree Hospitality Group by 95.3% in the second quarter. FMR LLC now owns 62,100 shares of the company’s stock valued at $1,123,000 after buying an additional 30,300 shares during the period. Institutional investors own 9.93% 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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