Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives $29.67 Consensus Target Price from Analysts

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

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

Chagee Stock Performance

Shares of NASDAQ:CHA opened at $9.88 on Tuesday. The stock’s 50-day moving average is $11.01 and its 200-day moving average is $13.58. The company has a market cap of $1.81 billion and a P/E ratio of 11.23. Chagee has a 52-week low of $9.88 and a 52-week high of $41.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CHA. Fosun International Ltd lifted its stake in shares of Chagee by 19,295.0% in the fourth quarter. Fosun International Ltd now owns 7,447,088 shares of the company’s stock valued at $86,610,000 after buying an additional 7,408,691 shares during the period. Schroder Investment Management Group bought a new position in Chagee during the third quarter valued at about $46,150,000. UBS Group AG raised its holdings in Chagee by 212.5% in the 3rd quarter. UBS Group AG now owns 984,755 shares of the company’s stock valued at $16,298,000 after acquiring an additional 669,583 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Chagee in the 2nd quarter worth approximately $13,764,000. Finally, Jane Street Group LLC lifted its position in shares of Chagee by 2,237.0% in the 4th quarter. Jane Street Group LLC now owns 439,640 shares of the company’s stock worth $5,113,000 after acquiring an additional 420,828 shares during the period.

About Chagee

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.