GreenTree Hospitality Group (NYSE:GHG) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

GreenTree Hospitality Group (NYSE:GHG) announced its earnings results on Friday. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02), Morningstar.com reports. GreenTree Hospitality Group had a return on equity of 25.01% and a net margin of 45.04%. The business had revenue of $40.05 million for the quarter. GreenTree Hospitality Group updated its FY 2019 guidance to EPS.

Shares of GHG stock opened at $10.97 on Friday. GreenTree Hospitality Group has a 1-year low of $9.50 and a 1-year high of $15.99. The stock’s fifty day moving average price is $11.94 and its 200 day moving average price is $12.70. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.54.

Hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP lifted 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 purchasing an additional 1,600 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of GreenTree Hospitality Group by 223.0% during the fourth 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 in the last quarter. Dalton Investments LLC raised its holdings in shares of GreenTree Hospitality Group by 316.6% during the first quarter. Dalton Investments LLC now owns 616,923 shares of the company’s stock valued at $8,532,000 after acquiring an additional 468,829 shares in the last quarter. Marshall Wace LLP bought a new position in shares of GreenTree Hospitality Group during the first quarter valued at approximately $739,000. Finally, Marshall Wace North America L.P. raised its holdings in shares of GreenTree Hospitality Group by 747.2% during the first 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 in the last quarter. Hedge funds and other institutional investors own 8.74% of the company’s stock.

Several brokerages recently weighed in on GHG. China Renaissance Securities began coverage on GreenTree Hospitality Group in a research note on Monday, May 6th. They set a “buy” rating and a $18.40 target price on the stock. Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.

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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Earnings History for GreenTree Hospitality Group (NYSE:GHG)

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