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

GreenTree Hospitality Group (NYSE:GHG) posted its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, Zacks reports. The business had revenue of $48.78 million during the quarter. GreenTree Hospitality Group had a net margin of 19.47% and a return on equity of 21.19%.

GreenTree Hospitality Group Price Performance

GHG stock opened at $2.49 on Friday. GreenTree Hospitality Group has a one year low of $2.38 and a one year high of $6.78. The company’s fifty day moving average price is $2.89 and its 200-day moving average price is $3.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 1.21. The company has a market capitalization of $252.83 million, a PE ratio of 5.93 and a beta of 0.55.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of GreenTree Hospitality Group from an “underweight” rating to an “equal weight” rating and set a $4.00 price target for the company in a research report on Monday, May 20th.

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.