Green Thumb Industries (OTCMKTS:GTBIF) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Green Thumb Industries (OTCMKTS:GTBIF) to a strong-buy rating in a research report sent to investors on Sunday,Zacks.com reports.

Several other brokerages have also recently weighed in on GTBIF. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Strong Buy” and a consensus price target of $16.50.

Green Thumb Industries Stock Down 12.5 %

OTCMKTS GTBIF traded down $1.12 during trading on Friday, hitting $7.80. 1,941,637 shares of the stock traded hands, compared to its average volume of 462,275. The company has a market capitalization of $1.65 billion, a P/E ratio of 28.90 and a beta of 1.40. Green Thumb Industries has a 12-month low of $7.50 and a 12-month high of $16.33. The firm has a 50-day simple moving average of $10.26 and a 200-day simple moving average of $11.14.

Green Thumb Industries (OTCMKTS:GTBIF) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $286.87 million for the quarter, compared to analysts’ expectations of $283.96 million. As a group, research analysts predict that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

About Green Thumb Industries

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.