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

Shares of GreenTree Hospitality Group Ltd – (NYSE:GHG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $20.40 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given GreenTree Hospitality Group an industry rank of 112 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut GreenTree Hospitality Group from a “hold” rating to a “sell” rating in a research note on Monday, June 25th.

NYSE GHG traded up $0.25 on Monday, hitting $11.34. 500 shares of the company’s stock were exchanged, compared to its average volume of 155,428. GreenTree Hospitality Group has a 52 week low of $10.27 and a 52 week high of $25.10.

GreenTree Hospitality Group (NYSE:GHG) last released its earnings results on Thursday, August 23rd. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $35.27 million for the quarter. analysts predict that GreenTree Hospitality Group will post 0.67 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of GHG. Wells Fargo & Company MN bought a new position in shares of GreenTree Hospitality Group in the 1st quarter valued at approximately $29,544,000. Federated Investors Inc. PA bought a new position in shares of GreenTree Hospitality Group in the 1st quarter valued at approximately $14,344,000. Matthews International Capital Management LLC bought a new position in shares of GreenTree Hospitality Group in the 1st quarter valued at approximately $4,883,000. CQS Cayman LP bought a new position in shares of GreenTree Hospitality Group in the 1st quarter valued at approximately $3,506,000. Finally, Key Square Capital Management LLC acquired a new stake in GreenTree Hospitality Group in the 1st quarter valued at approximately $2,775,000. 9.98% of the stock is currently owned by institutional investors and hedge funds.

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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