Separately, Zacks Investment Research downgraded Green Plains from a buy rating to a hold rating in a report on Friday, November 4th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $30.00.
Shares of Green Plains (NASDAQ:GPRE) opened at 24.00 on Thursday. The firm has a 50-day moving average price of $24.50 and a 200-day moving average price of $25.22. The firm has a market capitalization of $920.81 million, a PE ratio of 86.33 and a beta of 1.33. Green Plains has a 1-year low of $12.84 and a 1-year high of $29.85.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. The business earned $932.10 million during the quarter, compared to the consensus estimate of $1,000 million. Green Plains had a return on equity of 1.12% and a net margin of 0.31%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS. On average, analysts forecast that Green Plains will post $1.86 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, February 24th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, February 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. Green Plains’s dividend payout ratio (DPR) is 192.00%.
In related news, Director James F. Crowley sold 3,138 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $27.48, for a total transaction of $86,232.24. Following the completion of the sale, the director now directly owns 23,955 shares of the company’s stock, valued at approximately $658,283.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michelle Mapes sold 3,000 shares of the company’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $27.36, for a total transaction of $82,080.00. Following the sale, the executive vice president now directly owns 53,114 shares of the company’s stock, valued at $1,453,199.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,674 shares of company stock valued at $351,892. 7.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Green Plains by 21.8% in the third quarter. JPMorgan Chase & Co. now owns 419,139 shares of the company’s stock worth $10,981,000 after buying an additional 75,067 shares during the last quarter. Teachers Advisors LLC boosted its position in Green Plains by 20.3% in the third quarter. Teachers Advisors LLC now owns 649,661 shares of the company’s stock worth $17,021,000 after buying an additional 109,585 shares during the last quarter. Wells Fargo & Company MN boosted its position in Green Plains by 21.2% in the third quarter. Wells Fargo & Company MN now owns 200,583 shares of the company’s stock worth $5,255,000 after buying an additional 35,128 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Green Plains by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 553,258 shares of the company’s stock worth $14,497,000 after buying an additional 14,279 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in Green Plains by 1,354.7% in the third quarter. DnB Asset Management AS now owns 808,597 shares of the company’s stock worth $21,185,000 after buying an additional 753,010 shares during the last quarter. 97.67% of the stock is owned by institutional investors.
About Green Plains
Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.
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