Green Brick Partners (NASDAQ:GRBK) Shares Gap Down - Should You Sell?

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $76.61, but opened at $72.03. Green Brick Partners shares last traded at $72.39, with a volume of 69,967 shares traded.

Analysts Set New Price Targets

GRBK has been the subject of a number of recent research reports. Wedbush restated a "neutral" rating and issued a $60.00 price objective (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley upped their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd.

Green Brick Partners Price Performance

The firm has a 50-day moving average price of $78.65 and a 200-day moving average price of $66.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. The stock has a market cap of $3.39 billion, a P/E ratio of 10.98 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.55. The firm had revenue of $560.63 million for the quarter, compared to analysts' expectations of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The business's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 earnings per share. On average, analysts forecast that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Brick Partners

A number of institutional investors have recently bought and sold shares of GRBK. Blue Trust Inc. bought a new stake in shares of Green Brick Partners during the second quarter valued at approximately $48,000. nVerses Capital LLC raised its position in shares of Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider's stock valued at $126,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 305 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Green Brick Partners in the 3rd quarter worth about $209,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Green Brick Partners during the first quarter valued at approximately $233,000. 78.24% of the stock is owned by institutional investors.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.