GreenTree Hospitality Group (GHG) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of GreenTree Hospitality Group (NYSE:GHG) from a hold rating to a sell rating in a research note released on Thursday morning.

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, Goldman Sachs Group began coverage on shares of GreenTree Hospitality Group in a research report on Monday, September 24th. They issued a neutral rating and a $15.50 price target on the stock.

Shares of GreenTree Hospitality Group stock traded up $0.25 during trading hours on Thursday, reaching $12.88. The company’s stock had a trading volume of 3,552 shares, compared to its average volume of 46,029. GreenTree Hospitality Group has a one year low of $9.50 and a one year high of $25.10.

GreenTree Hospitality Group (NYSE:GHG) last posted its quarterly earnings results on Monday, November 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $37.39 million during the quarter. On average, research analysts expect that GreenTree Hospitality Group will post 0.64 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of GHG. Wells Fargo & Company MN lifted its position in shares of GreenTree Hospitality Group by 20.1% in the 3rd quarter. Wells Fargo & Company MN now owns 3,052,866 shares of the company’s stock worth $38,771,000 after buying an additional 511,640 shares during the last quarter. Sylebra HK Co Ltd lifted its position in shares of GreenTree Hospitality Group by 60.1% in the 3rd quarter. Sylebra HK Co Ltd now owns 657,172 shares of the company’s stock worth $8,346,000 after buying an additional 246,785 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of GreenTree Hospitality Group in the 2nd quarter worth about $2,374,000. Renaissance Technologies LLC acquired a new stake in shares of GreenTree Hospitality Group in the 3rd quarter worth about $1,353,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GreenTree Hospitality Group in the 2nd quarter worth about $847,000. Institutional investors own 9.14% 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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