Goldman Sachs Group upgraded shares of GreenTree Hospitality Group (NYSE:GHG) from a neutral rating to a buy rating in a research note released on Friday, BenzingaRatingsTable reports. Goldman Sachs Group currently has $14.50 price target on the stock, down from their prior price target of $16.40.
Separately, Zacks Investment Research lowered shares of GreenTree Hospitality Group from a hold rating to a sell rating in a research report on Wednesday, August 21st.
GHG opened at $11.25 on Friday. The company’s 50-day moving average is $10.89 and its 200 day moving average is $12.57. GreenTree Hospitality Group has a fifty-two week low of $9.50 and a fifty-two week high of $15.99. The firm has a market capitalization of $1.14 billion, a P/E ratio of 18.44, a PEG ratio of 0.78 and a beta of 1.59.
Hedge funds have recently made changes to their positions in the business. Dalton Investments LLC increased its stake in shares of GreenTree Hospitality Group by 316.6% in the first quarter. Dalton Investments LLC now owns 616,923 shares of the company’s stock worth $8,532,000 after purchasing an additional 468,829 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of GreenTree Hospitality Group in the first quarter worth about $739,000. Marshall Wace North America L.P. increased its stake in shares of GreenTree Hospitality Group by 747.2% in the first quarter. Marshall Wace North America L.P. now owns 11,784 shares of the company’s stock worth $163,000 after purchasing an additional 10,393 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of GreenTree Hospitality Group by 28.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 91,000 shares of the company’s stock worth $1,183,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of GreenTree Hospitality Group in the second quarter worth about $25,000. 8.94% of the stock is currently owned by institutional investors and hedge funds.
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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