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

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $29.6714.

CHA has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Chagee in a report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Chagee from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $12.40 to $11.50 in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Chagee from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th. Jefferies Financial Group started coverage on Chagee in a research note on Wednesday, January 7th. They set a “hold” rating and a $14.00 price target on the stock. Finally, Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th.

Chagee Price Performance

NASDAQ:CHA opened at $11.15 on Friday. The firm has a market capitalization of $2.05 billion and a price-to-earnings ratio of 12.67. Chagee has a 1-year low of $9.95 and a 1-year high of $41.80. The company’s 50-day moving average is $11.66 and its two-hundred day moving average is $15.03.

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

Hedge Funds Weigh In On Chagee

A number of large investors have recently modified their holdings of the business. Ovata Capital Management Ltd purchased a new position in Chagee in the second quarter worth $587,000. Geode Capital Management LLC acquired a new position in shares of Chagee in the second quarter worth $232,000. Long Corridor Asset Management Ltd purchased a new position in Chagee in the 2nd quarter valued at about $3,264,000. JPMorgan Chase & Co. purchased a new position in shares of Chagee during the second quarter valued at approximately $26,000. Finally, Barings LLC acquired a new stake in shares of Chagee during the second quarter worth $11,302,000.

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.