Green Thumb Industries (OTCMKTS:GTBIF) Upgraded to Strong-Buy at Craig Hallum

Craig Hallum upgraded shares of Green Thumb Industries (OTCMKTS:GTBIF) to a strong-buy rating in a research report released on Monday, Zacks.com reports.

Separately, Ventum Cap Mkts raised shares of Green Thumb Industries to a strong-buy rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Green Thumb Industries currently has an average rating of Buy and a consensus price target of $16.50.

Green Thumb Industries Price Performance

Shares of GTBIF opened at $10.45 on Monday. Green Thumb Industries has a 1-year low of $7.57 and a 1-year high of $16.33. The company has a market capitalization of $2.22 billion, a P/E ratio of 43.54 and a beta of 1.39. The firm’s 50 day simple moving average is $10.79 and its 200 day simple moving average is $11.94.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Monday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $280.15 million during the quarter, compared to analyst estimates of $277.01 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. On average, equities analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current year.

Green Thumb Industries Company Profile

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.