Greentree Hospitality upgraded by Morgan Stanley with a new price target
$GHG
Hotels/Resorts
Consumer Discretionary
Morgan Stanley upgraded Greentree Hospitality from Underweight to Equal-Weight and set a new price target of $4.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2024 | $4.00 | Underweight → Equal-Weight | Morgan Stanley |
| 8/30/2023 | $4.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/24/2022 | $17.00 → $7.50 | Overweight → Equal-Weight | Morgan Stanley |
The company said it is withdrawing our guidance for the restaurant business given the significant revenue unpredictability resulting from its strategic repositioning.
6-K - GreenTree Hospitality Group Ltd. (0001724755) (Filer)
6-K - GreenTree Hospitality Group Ltd. (0001724755) (Filer)
6-K - GreenTree Hospitality Group Ltd. (0001724755) (Filer)
Morgan Stanley upgraded Greentree Hospitality from Underweight to Equal-Weight and set a new price target of $4.00
Morgan Stanley downgraded Greentree Hospitality from Equal-Weight to Underweight and set a new price target of $4.00
Morgan Stanley downgraded GreenTree Hospitality Gr from Overweight to Equal-Weight and set a new price target of $7.50 from $17.00 previously
Total revenues decreased by 22.5% year over year to RMB357.0 million (US$50.9 million)[1].Income from operations was RMB106.4 million (US$15.2 million)[1] compared to RMB137.8 million for the third quarter of 2023. Net income was RMB65.2 million (US$9.3 million)[1] compared to RMB117.4 million for the third quarter of 2023.Adjusted EBITDA (non-GAAP)[2] decreased 32.1% year over year to RMB122.5million (US$17.5 million)[1].Core net income (non-GAAP)[3] decreased 26.6% year over year to RMB93.5million (US$13.3 million)[1].SHANGHAI, Nov. 21, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant m
SHANGHAI, Nov. 18, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, on Thursday November 21, 2024. GreenTree's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on November 21, 2024 (9:00 PM Beijing/Hong Kong Time on November 21, 2024). Dial-in numbers for the live conference call are as follows: International 1-412-902-4272 Mainland China 4001-201203 US 1-888-346-8982 Hong Kong 800-905-945 or 852-3018-4992 Singapore 800-120-6157 Participants should ask
SHANGHAI, Aug. 15, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced that its board of directors approved the payment of a cash dividend of US$0.10 per ordinary share, or US$0.10 per American Depositary Share ("ADS"). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on September 30, 2024 (U.S. Eastern Time) (the "Record Date") will be entitled to these dividends. These shareholders, including Deutsche Bank Trust Company Americas, the depositary bank for the Company's ADS program (the "ADS Deposi
SHANGHAI, Dec. 16, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group in China, today announced that it held its 2021 annual general meeting of shareholders on December 16, 2021. During the meeting, the shareholders of the Company passed an ordinary resolution approving the re-appointment of Ernst & Young Hua Ming LLP as independent auditor of the Company for the fiscal year ending December 31, 2021. About GreenTree Hospitality Group Ltd. GreenTree Hospitality Group Ltd. ("GreenTree" or the "Company") (NYSE:GHG) is a leading hospitality management group in China. As of June 30, 2021, Gree
SHANGHAI, Nov. 5, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG), a leading hospitality management group in China ("GreenTree" or the "Company"), today announced that it will hold its annual general meeting of shareholders at 2451 Hongqiao Road, Changning District, Shanghai 200335, People's Republic of China on December 15, 2021 at 9:00 PM U.S. Eastern Time (10:00 AM Beijing/Hong Kong Time on December 16, 2021) for the following purpose: To approve the re-appointment of Ernst & Young Hua Ming LLP as independent auditor of the Company [1] for the fiscal year ending December 31, 2021. Holders of record of ordinary shares of the Company at the close of business on November 15,
BEIJING, May 25, 2021 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced the following changes to its board of directors (the "Board") and senior management. Mr. Zhiwei Zhao has resigned from his position as the Chief Executive Officer of the Company (the "CEO") and Dr. Z. James Chen has been a
SC 13G/A - GreenTree Hospitality Group Ltd. (0001724755) (Subject)
SC 13G/A - GreenTree Hospitality Group Ltd. (0001724755) (Subject)
SC 13G/A - GreenTree Hospitality Group Ltd. (0001724755) (Subject)
Total revenues decreased by 22.5% year over year to RMB357.0 million (US$50.9 million)[1].Income from operations was RMB106.4 million (US$15.2 million)[1] compared to RMB137.8 million for the third quarter of 2023. Net income was RMB65.2 million (US$9.3 million)[1] compared to RMB117.4 million for the third quarter of 2023.Adjusted EBITDA (non-GAAP)[2] decreased 32.1% year over year to RMB122.5million (US$17.5 million)[1].Core net income (non-GAAP)[3] decreased 26.6% year over year to RMB93.5million (US$13.3 million)[1].SHANGHAI, Nov. 21, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant m
SHANGHAI, Nov. 18, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, on Thursday November 21, 2024. GreenTree's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on November 21, 2024 (9:00 PM Beijing/Hong Kong Time on November 21, 2024). Dial-in numbers for the live conference call are as follows: International 1-412-902-4272 Mainland China 4001-201203 US 1-888-346-8982 Hong Kong 800-905-945 or 852-3018-4992 Singapore 800-120-6157 Participants should ask
SHANGHAI, Aug. 15, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE:GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced that its board of directors approved the payment of a cash dividend of US$0.10 per ordinary share, or US$0.10 per American Depositary Share ("ADS"). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on September 30, 2024 (U.S. Eastern Time) (the "Record Date") will be entitled to these dividends. These shareholders, including Deutsche Bank Trust Company Americas, the depositary bank for the Company's ADS program (the "ADS Deposi