GreenTree Hospitality Group (GHG) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

GreenTree Hospitality Group (NYSE:GHG) issued its earnings results on Friday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10), Morningstar.com reports. GreenTree Hospitality Group had a net margin of 41.76% and a return on equity of 25.30%. The business had revenue of $35.06 million for the quarter. GreenTree Hospitality Group updated its FY 2019 guidance to EPS.

Shares of GreenTree Hospitality Group stock traded up $0.71 during trading on Friday, hitting $13.46. 68,078 shares of the company’s stock traded hands, compared to its average volume of 73,279. GreenTree Hospitality Group has a twelve month low of $9.50 and a twelve month high of $25.10. The firm has a market cap of $1.28 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.14.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. China Renaissance Securities assumed coverage on shares of GreenTree Hospitality Group in a research report on Monday, May 6th. They set a “buy” rating and a $18.40 target price on the stock.

Institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of GreenTree Hospitality Group by 412.0% during the 1st quarter. Morgan Stanley now owns 8,100 shares of the company’s stock valued at $112,000 after acquiring an additional 6,518 shares in the last quarter. Marshall Wace North America L.P. boosted its position in GreenTree Hospitality Group by 747.2% in the first quarter. Marshall Wace North America L.P. now owns 11,784 shares of the company’s stock valued at $163,000 after buying an additional 10,393 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in GreenTree Hospitality Group in the first quarter valued at about $192,000. US Bancorp DE boosted its position in GreenTree Hospitality Group by 170.2% in the first quarter. US Bancorp DE now owns 14,338 shares of the company’s stock valued at $198,000 after buying an additional 9,032 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in GreenTree Hospitality Group by 7.3% in the fourth quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock valued at $304,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 8.58% of the company’s stock.

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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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Earnings History for GreenTree Hospitality Group (NYSE:GHG)

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