Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $36.44.

A number of equities research analysts have commented on CHA shares. Wall Street Zen cut Chagee from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Deutsche Bank Aktiengesellschaft started coverage on Chagee in a report on Thursday, June 19th. They issued a “buy” rating and a $40.50 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a report on Saturday, September 27th. Finally, Macquarie started coverage on Chagee in a report on Friday, September 5th. They issued a “neutral” rating and a $19.00 price objective on the stock.

Chagee Price Performance

Chagee stock opened at $17.01 on Tuesday. The company has a 50-day simple moving average of $19.68. Chagee has a one year low of $16.17 and a one year high of $41.80.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Chagee in the second quarter valued at about $26,000. Federated Hermes Inc. acquired a new stake in Chagee during the second quarter worth about $172,000. FACTORIAL MANAGEMENT Ltd acquired a new stake in Chagee during the second quarter worth about $178,000. China Universal Asset Management Co. Ltd. acquired a new stake in Chagee during the second quarter worth about $204,000. Finally, Geode Capital Management LLC acquired a new stake in Chagee during the second quarter worth about $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.