GreenTree Hospitality Group (NYSE:GHG) Announces Quarterly Earnings Results

GreenTree Hospitality Group (NYSE:GHG) posted its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03, reports. The firm had revenue of $52.42 million for the quarter, compared to analysts’ expectations of $57.94 million.

GreenTree Hospitality Group Stock Performance

GHG stock opened at $3.06 on Thursday. The business has a 50-day moving average price of $3.15 and a 200 day moving average price of $3.75. GreenTree Hospitality Group has a 1-year low of $2.91 and a 1-year high of $6.78.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded GreenTree Hospitality Group from a “c” rating to a “d” rating in a research report on Friday, December 1st.

Institutional Trading of GreenTree Hospitality Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in GreenTree Hospitality Group by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 18,621 shares of the company’s stock valued at $77,000 after purchasing an additional 2,726 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of GreenTree Hospitality Group during the fourth quarter worth about $49,000. Genus Capital Management Inc. purchased a new stake in shares of GreenTree Hospitality Group during the second quarter worth about $81,000. Norges Bank purchased a new stake in shares of GreenTree Hospitality Group during the fourth quarter worth about $140,000. Finally, JPMorgan Chase & Co. boosted its position in GreenTree Hospitality Group by 300,895.2% in the first quarter. JPMorgan Chase & Co. now owns 63,209 shares of the company’s stock valued at $317,000 after buying an additional 63,188 shares during the last quarter. 8.05% of the stock is currently owned by institutional investors.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.