Zacks Investment Research Downgrades GreenTree Hospitality Group (GHG) to Sell

GreenTree Hospitality Group (NYSE:GHG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

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 initiated coverage on shares of GreenTree Hospitality Group in a research report on Monday, September 24th. They set a “neutral” rating and a $15.50 price target for the company.

GHG opened at $12.75 on Wednesday. GreenTree Hospitality Group has a 52-week low of $9.50 and a 52-week high of $25.10.

GreenTree Hospitality Group (NYSE:GHG) last posted its quarterly earnings data on Thursday, August 23rd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $35.27 million for the quarter. On average, equities research analysts forecast that GreenTree Hospitality Group will post 0.66 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in GHG. Wasatch Advisors Inc. acquired a new stake in shares of GreenTree Hospitality Group during the second quarter worth approximately $13,900,000. Wells Fargo & Company MN grew its position in shares of GreenTree Hospitality Group by 20.1% during the third 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 in the last quarter. American Century Companies Inc. acquired a new stake in shares of GreenTree Hospitality Group during the second quarter worth approximately $8,535,000. Sylebra HK Co Ltd acquired a new stake in shares of GreenTree Hospitality Group during the second quarter worth approximately $7,424,000. Finally, Millennium Management LLC acquired a new stake in shares of GreenTree Hospitality Group during the first quarter worth approximately $4,415,000. 9.93% of the stock is owned by institutional investors and hedge funds.

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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