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

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.0571.

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a research report on Monday, December 29th. Jefferies Financial Group assumed coverage on Chagee in a research note on Wednesday, January 7th. They issued a “hold” rating and a $14.00 target price on the stock. JPMorgan Chase & Co. started coverage on Chagee in a research report on Friday, November 14th. They set an “underweight” rating and a $14.20 price target for the company. Finally, Wall Street Zen upgraded Chagee from a “sell” rating to a “hold” rating in a report on Sunday, December 14th.

Chagee Price Performance

Shares of Chagee stock opened at $11.72 on Monday. Chagee has a one year low of $10.26 and a one year high of $41.80. The business’s 50 day simple moving average is $12.98 and its two-hundred day simple moving average is $16.58. The stock has a market capitalization of $2.15 billion and a P/E ratio of 13.32.

Chagee (NASDAQ:CHA) last issued its earnings results on Friday, November 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $450.67 million for the quarter, compared to analysts’ expectations of $458.31 million.

Chagee Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were issued a $0.92 dividend. The ex-dividend date was Monday, December 8th. Chagee’s payout ratio is 98.86%.

Institutional Investors Weigh In On Chagee

Several institutional investors and hedge funds have recently modified their holdings of the stock. Franchise Capital Ltd purchased a new position in shares of Chagee during the second quarter valued at about $4,111,000. Allianz Asset Management GmbH bought a new stake in Chagee during the 2nd quarter valued at approximately $11,034,000. FACTORIAL MANAGEMENT Ltd purchased a new position in shares of Chagee during the 2nd quarter worth approximately $178,000. Ovata Capital Management Ltd bought a new position in shares of Chagee in the 2nd quarter worth approximately $587,000. Finally, Geode Capital Management LLC purchased a new position in shares of Chagee in the 2nd quarter valued at approximately $232,000.

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. “Quality, Health, and Convenience” is the guiding principle of how we make our products.