Zacks Investment Research Lowers GreenTree Hospitality Group (NYSE:GHG) to Sell

Zacks Investment Research cut shares of GreenTree Hospitality Group (NYSE:GHG) from a hold rating to a sell rating in a report released on Wednesday, Zacks.com reports.

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, China Renaissance Securities began coverage on GreenTree Hospitality Group in a research note on Monday, May 6th. They issued a buy rating and a $18.40 target price for the company.

Shares of GreenTree Hospitality Group stock opened at $10.60 on Wednesday. GreenTree Hospitality Group has a 12 month low of $9.50 and a 12 month high of $15.99. The business has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $12.67. The stock has a market cap of $1.17 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54.

GreenTree Hospitality Group (NYSE:GHG) last posted its earnings results on Friday, August 16th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GreenTree Hospitality Group had a net margin of 46.29% and a return on equity of 24.60%. The business had revenue of $40.05 million during the quarter. As a group, research analysts predict that GreenTree Hospitality Group will post 0.79 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Two Sigma Advisers LP grew its stake in GreenTree Hospitality Group by 7.3% in the fourth quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock valued at $304,000 after acquiring an additional 1,600 shares during the period. Advisors Preferred LLC acquired a new position in GreenTree Hospitality Group in the second quarter valued at about $25,000. Aubrey Capital Management Ltd grew its stake in GreenTree Hospitality Group by 1.1% in the second quarter. Aubrey Capital Management Ltd now owns 468,750 shares of the company’s stock valued at $6,094,000 after acquiring an additional 5,200 shares during the period. Renaissance Technologies LLC grew its stake in GreenTree Hospitality Group by 2.0% in the second quarter. Renaissance Technologies LLC now owns 271,197 shares of the company’s stock valued at $3,526,000 after acquiring an additional 5,376 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in GreenTree Hospitality Group by 52.8% in the second quarter. JPMorgan Chase & Co. now owns 21,245 shares of the company’s stock valued at $272,000 after acquiring an additional 7,345 shares during the period. 9.07% of the stock is owned by hedge funds and other institutional investors.

GreenTree Hospitality Group Company Profile

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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