Zacks Investment Research cut shares of GreenTree Hospitality Group (NYSE:GHG) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

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, China Renaissance Securities started coverage on shares of GreenTree Hospitality Group in a report on Monday, May 6th. They issued a buy rating and a $18.40 target price on the stock.

Shares of GHG stock opened at $12.39 on Wednesday. The firm has a 50-day moving average price of $12.27. The company has a market cap of $1.26 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.56. GreenTree Hospitality Group has a 52-week low of $9.50 and a 52-week high of $17.91.

GreenTree Hospitality Group (NYSE:GHG) last issued its earnings results on Friday, May 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). The firm had revenue of $35.06 million during the quarter. GreenTree Hospitality Group had a net margin of 45.04% and a return on equity of 25.01%. On average, research analysts predict that GreenTree Hospitality Group will post 0.8 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. raised its holdings in GreenTree Hospitality Group by 747.2% in the 1st quarter. Marshall Wace North America L.P. now owns 11,784 shares of the company’s stock valued at $163,000 after acquiring an additional 10,393 shares during the period. Two Sigma Advisers LP raised its holdings in GreenTree Hospitality Group by 7.3% in the 4th quarter. Two Sigma Advisers LP now owns 23,400 shares of the company’s stock valued at $304,000 after acquiring an additional 1,600 shares during the period. Marshall Wace LLP bought a new position in GreenTree Hospitality Group in the 1st quarter valued at about $739,000. Public Employees Retirement System of Ohio raised its holdings in GreenTree Hospitality Group by 14.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 67,361 shares of the company’s stock valued at $875,000 after acquiring an additional 8,736 shares during the period. Finally, Bank of America Corp DE raised its holdings in GreenTree Hospitality Group by 223.0% in the 4th quarter. Bank of America Corp DE now owns 335,428 shares of the company’s stock valued at $4,357,000 after acquiring an additional 231,589 shares during the period. 8.69% of the stock is currently owned by hedge funds and other institutional investors.

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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