GreenTree Hospitality Group (NYSE:GHG) Upgraded to “Equal Weight” by Morgan Stanley

Morgan Stanley upgraded shares of GreenTree Hospitality Group (NYSE:GHG) from an underweight rating to an equal weight rating in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage currently has $4.00 price target on the stock.

GreenTree Hospitality Group Trading Down 4.9 %

Shares of GHG opened at $2.90 on Monday. The company has a 50 day simple moving average of $3.13 and a two-hundred day simple moving average of $3.39. GreenTree Hospitality Group has a 1 year low of $2.72 and a 1 year high of $6.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.21 and a quick ratio of 1.20. The firm has a market cap of $294.47 million, a P/E ratio of 7.63 and a beta of 0.67.

GreenTree Hospitality Group (NYSE:GHG) last released its earnings results on Monday, March 25th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $52.42 million for the quarter, compared to the consensus estimate of $57.94 million.

Hedge Funds Weigh In On GreenTree Hospitality Group

A hedge fund recently bought a new stake in GreenTree Hospitality Group stock. Camelot Portfolios LLC purchased a new position in GreenTree Hospitality Group Ltd. (NYSE:GHG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $49,000. Institutional investors and hedge funds own 8.05% of the company’s stock.

About GreenTree Hospitality Group

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.