GreenTree Hospitality Group (NYSE:GHG) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research lowered shares of GreenTree Hospitality Group (NYSE:GHG) from a hold rating to a sell rating in a report published on Wednesday morning, 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 started coverage on GreenTree Hospitality Group in a research report on Monday, May 6th. They set a buy rating and a $18.40 price objective on the stock.

Shares of GHG stock opened at $10.60 on Wednesday. GreenTree Hospitality Group has a 1-year low of $9.50 and a 1-year high of $15.99. The stock’s 50-day moving average is $11.67 and its 200 day moving average is $12.67. The company has a market cap of $1.17 billion, a P/E ratio of 17.38, a PEG ratio of 0.80 and a beta of 1.54.

GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings data on Friday, August 16th. The company reported $0.17 earnings per share 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 company had revenue of $40.05 million for the quarter. On average, sell-side analysts predict that GreenTree Hospitality Group will post 0.79 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Aubrey Capital Management Ltd boosted its position in shares of GreenTree Hospitality Group by 1.1% during the second quarter. Aubrey Capital Management Ltd now owns 468,750 shares of the company’s stock worth $6,094,000 after purchasing an additional 5,200 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of GreenTree Hospitality Group by 23.1% during the second quarter. Verition Fund Management LLC now owns 59,739 shares of the company’s stock worth $777,000 after purchasing an additional 11,200 shares in the last quarter. Morgan Stanley boosted its position in shares of GreenTree Hospitality Group by 2,388.5% during the second quarter. Morgan Stanley now owns 201,566 shares of the company’s stock worth $2,620,000 after purchasing an additional 193,466 shares in the last quarter. Dalton Investments LLC boosted its position in shares of GreenTree Hospitality Group by 33.9% during the second quarter. Dalton Investments LLC now owns 825,901 shares of the company’s stock worth $10,737,000 after purchasing an additional 208,978 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of GreenTree Hospitality Group by 2.0% during the second quarter. Renaissance Technologies LLC now owns 271,197 shares of the company’s stock worth $3,526,000 after purchasing an additional 5,376 shares in the last quarter. 9.07% of the stock is currently owned by 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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