GreenTree Hospitality Group (GHG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of GreenTree Hospitality Group (NYSE:GHG) from a sell rating to a hold rating in a research note released on Monday 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, CLSA began coverage on shares of GreenTree Hospitality Group in a research note on Tuesday, January 22nd. They issued a buy rating and a $15.70 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $16.83.



GreenTree Hospitality Group stock opened at $14.60 on Monday. GreenTree Hospitality Group has a 1-year low of $9.50 and a 1-year high of $25.10. The company has a market capitalization of $1.45 billion and a PE ratio of 23.93.

GreenTree Hospitality Group (NYSE:GHG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. GreenTree Hospitality Group had a net margin of 41.76% and a return on equity of 25.30%. The business had revenue of $36.34 million during the quarter. As a group, sell-side analysts forecast that GreenTree Hospitality Group will post 0.81 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GHG. Westwood Global Investments LLC acquired a new position in shares of GreenTree Hospitality Group in the 4th quarter worth approximately $9,527,000. Bank of America Corp DE lifted its holdings in shares of 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 worth $4,357,000 after acquiring an additional 231,589 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of GreenTree Hospitality Group in the 3rd quarter worth approximately $1,353,000. Sylebra HK Co Ltd lifted its holdings in shares of GreenTree Hospitality Group by 15.5% in the 4th quarter. Sylebra HK Co Ltd now owns 758,975 shares of the company’s stock worth $9,859,000 after acquiring an additional 101,803 shares during the last quarter. Finally, Pendal Group Ltd acquired a new position in shares of GreenTree Hospitality Group in the 4th quarter worth approximately $1,273,000. Hedge funds and other institutional investors own 9.53% 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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