Green Thumb Industries (OTCMKTS:GTBIF) Stock Rating Upgraded by Ventum Cap Mkts

Green Thumb Industries (OTCMKTS:GTBIF) was upgraded by equities research analysts at Ventum Cap Mkts to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

A number of other brokerages also recently weighed in on GTBIF. Wedbush raised their price objective on Green Thumb Industries from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Needham & Company LLC lifted their target price on shares of Green Thumb Industries from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 9th.

Green Thumb Industries Stock Performance

Shares of GTBIF stock opened at $11.03 on Tuesday. The business’s fifty day moving average is $11.62 and its 200-day moving average is $12.55. Green Thumb Industries has a 1 year low of $6.42 and a 1 year high of $16.33. The stock has a market cap of $2.35 billion, a PE ratio of 45.96 and a beta of 1.41.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $280.15 million for the quarter, compared to analysts’ expectations of $277.01 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. Equities research analysts predict that Green Thumb Industries will post 0.32 earnings per share for the current year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.