GreenTree Hospitality Group Ltd – (GHG) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of GreenTree Hospitality Group Ltd – (NYSE:GHG) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus target price of $17.50 for the company and are expecting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also assigned GreenTree Hospitality Group an industry rank of 168 out of 256 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on GHG shares. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. China Renaissance Securities started coverage on shares of GreenTree Hospitality Group in a report on Monday, May 6th. They issued a “buy” rating and a $18.40 price target on the stock.

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in GreenTree Hospitality Group by 223.0% in the 4th quarter. Bank of America Corp DE now owns 335,428 shares of the company’s stock valued at $4,357,000 after acquiring an additional 231,589 shares during the period. State of New Jersey Common Pension Fund D raised its stake in GreenTree Hospitality Group by 16.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 71,000 shares of the company’s stock valued at $922,000 after acquiring an additional 10,000 shares during the period. Pendal Group Ltd bought a new stake in GreenTree Hospitality Group in the 4th quarter valued at about $1,273,000. Public Employees Retirement System of Ohio raised its stake in GreenTree Hospitality Group by 14.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 67,361 shares of the company’s stock valued at $875,000 after acquiring an additional 8,736 shares during the period. Finally, Aubrey Capital Management Ltd raised its stake in GreenTree Hospitality Group by 13.0% in the 4th quarter. Aubrey Capital Management Ltd now owns 483,874 shares of the company’s stock valued at $6,252,000 after acquiring an additional 55,736 shares during the period. 8.69% of the stock is currently owned by institutional investors.

Shares of NYSE:GHG opened at $13.46 on Monday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.78 and a beta of 1.14. GreenTree Hospitality Group has a fifty-two week low of $9.50 and a fifty-two week high of $25.10.

GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings results on Friday, May 24th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). The company had revenue of $35.06 million during the quarter. GreenTree Hospitality Group had a return on equity of 24.68% and a net margin of 45.04%. As a group, analysts predict that GreenTree Hospitality Group will post 0.83 earnings per share for the current fiscal year.

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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