Green Brick Partners, Inc. (NASDAQ:GRBK) Receives Average Recommendation of “Buy” from Brokerages

Shares of Green Brick Partners, Inc. (NASDAQ:GRBKGet Rating) have been assigned a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $25.13.

A number of research analysts have commented on the company. B. Riley reduced their price objective on Green Brick Partners from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, April 6th. JPMorgan Chase & Co. reduced their price target on Green Brick Partners from $20.00 to $18.50 and set an “underweight” rating on the stock in a research report on Wednesday, April 13th. StockNews.com started coverage on shares of Green Brick Partners in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Green Brick Partners from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, May 6th.

Several institutional investors have recently added to or reduced their stakes in GRBK. Granahan Investment Management Inc. MA increased its stake in shares of Green Brick Partners by 371.0% in the third quarter. Granahan Investment Management Inc. MA now owns 1,093,372 shares of the financial services provider’s stock worth $22,436,000 after buying an additional 861,215 shares during the last quarter. JBF Capital Inc. increased its position in shares of Green Brick Partners by 372.9% in the 4th quarter. JBF Capital Inc. now owns 472,926 shares of the financial services provider’s stock worth $14,344,000 after purchasing an additional 372,926 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Green Brick Partners by 216.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 418,171 shares of the financial services provider’s stock valued at $8,263,000 after purchasing an additional 285,885 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Green Brick Partners by 193.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 326,246 shares of the financial services provider’s stock worth $9,895,000 after purchasing an additional 215,070 shares during the last quarter. Finally, EAM Global Investors LLC acquired a new position in Green Brick Partners in the fourth quarter worth about $4,916,000. Institutional investors own 83.70% of the company’s stock.

Shares of GRBK stock opened at $21.22 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 6.03. The company has a 50 day moving average price of $20.84 and a 200 day moving average price of $24.15. Green Brick Partners has a one year low of $18.75 and a one year high of $32.25.

Green Brick Partners (NASDAQ:GRBKGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.35. Green Brick Partners had a return on equity of 27.96% and a net margin of 14.46%. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts forecast that Green Brick Partners will post 4.48 EPS for the current fiscal year.

Green Brick Partners Company Profile (Get Rating)

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.

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