Zacks Investment Research Lowers Green Brick Partners (NASDAQ:GRBK) to Sell

Green Brick Partners (NASDAQ:GRBK) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Green Brick Partners, Inc. is involved in the land acquisition and development, entitlements, design, construction, marketing and sale of residential projects. It operates primarily in Dallas, Fort Worth, Texas, Atlanta and Georgia. Green Brick Partners, Inc., formerly known as BioFuel Energy Corp, is based in Plano, Texas. “

Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Green Brick Partners from a “c” rating to a “b-” rating in a research note on Friday, November 22nd. BTIG Research upgraded shares of Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Monday, September 23rd. BidaskClub upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered shares of Green Brick Partners from a “neutral” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.50.

Shares of NASDAQ GRBK traded down $0.07 during mid-day trading on Tuesday, reaching $11.43. 87,723 shares of the company traded hands, compared to its average volume of 94,600. Green Brick Partners has a fifty-two week low of $7.72 and a fifty-two week high of $11.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 8.93 and a quick ratio of 0.80. The firm has a market cap of $577.08 million, a PE ratio of 8.34 and a beta of 1.23. The stock has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.33.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. Green Brick Partners had a net margin of 7.51% and a return on equity of 12.05%. The business had revenue of $209.40 million for the quarter, compared to analyst estimates of $174.00 million. As a group, analysts predict that Green Brick Partners will post 1.08 EPS for the current fiscal year.

In related news, Director Kathleen Olsen sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $11.27, for a total transaction of $45,080.00. Following the completion of the sale, the director now directly owns 57,164 shares in the company, valued at $644,238.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 52.40% of the company’s stock.

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in Green Brick Partners during the second quarter worth approximately $47,000. Metropolitan Life Insurance Co NY bought a new stake in Green Brick Partners during the third quarter worth approximately $93,000. Susquehanna International Group LLP bought a new stake in Green Brick Partners during the second quarter worth approximately $96,000. D. E. Shaw & Co. Inc. bought a new stake in Green Brick Partners during the second quarter worth approximately $127,000. Finally, Violich Capital Management Inc. bought a new stake in Green Brick Partners during the third quarter worth approximately $130,000. Hedge funds and other institutional investors own 82.35% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

Recommended Story: Price to Earnings Ratio (PE) Basics

Get a free copy of the Zacks research report on Green Brick Partners (GRBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Green Brick Partners (NASDAQ:GRBK)

Receive News & Ratings for Green Brick Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners and related companies with MarketBeat.com's FREE daily email newsletter.