Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Given Average Rating of “Hold” by Analysts

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has earned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.7333.

A number of analysts have weighed in on the company. Wall Street Zen cut Chagee from a “buy” rating to a “hold” rating in a research report on Sunday, September 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research report on Wednesday, October 8th. Macquarie assumed coverage on shares of Chagee in a research report on Friday, September 5th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Chagee in a research note on Friday, November 14th. They issued an “underweight” rating and a $14.20 price objective for the company.

Chagee Trading Up 2.2%

Shares of CHA opened at $14.60 on Wednesday. The firm has a market cap of $2.68 billion and a price-to-earnings ratio of 24.75. The business’s fifty day simple moving average is $16.28. Chagee has a 12 month low of $14.20 and a 12 month high of $41.80.

Chagee (NASDAQ:CHA) last released its quarterly earnings data on Friday, August 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $465.11 million for the quarter, compared to analyst estimates of $484.14 million.

Hedge Funds Weigh In On Chagee

A number of institutional investors have recently made changes to their positions in CHA. Ovata Capital Management Ltd acquired a new position in shares of Chagee during the second quarter worth approximately $587,000. Matthews International Capital Management LLC bought a new position in Chagee during the second quarter worth $1,401,000. Allianz Asset Management GmbH acquired a new position in Chagee during the 2nd quarter valued at $11,034,000. Franchise Capital Ltd acquired a new stake in Chagee in the 2nd quarter worth $4,111,000. Finally, LBP AM SA bought a new position in shares of Chagee during the 2nd quarter worth about $1,619,000.

Chagee Company Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees.