Brokerages Set Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) PT at $30.31

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have earned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.3143.

CHA has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded Chagee from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $11.50 to $16.00 in a research report on Thursday, April 2nd. Zacks Research downgraded Chagee from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Finally, Jefferies Financial Group initiated coverage on Chagee in a research report on Wednesday, January 7th. They issued a “hold” rating and a $14.00 price target for the company.

Institutional Trading of Chagee

Institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new stake in Chagee in the third quarter worth $46,150,000. Rakuten Investment Management Inc. bought a new stake in Chagee in the third quarter worth $931,000. Engineers Gate Manager LP lifted its position in Chagee by 138.5% in the fourth quarter. Engineers Gate Manager LP now owns 44,888 shares of the company’s stock worth $522,000 after buying an additional 26,069 shares during the last quarter. Mariner LLC bought a new stake in Chagee in the fourth quarter worth $440,000. Finally, Millennium Management LLC lifted its position in Chagee by 86.3% in the fourth quarter. Millennium Management LLC now owns 27,512 shares of the company’s stock worth $320,000 after buying an additional 12,747 shares during the last quarter.

Chagee Stock Performance

CHA stock opened at $10.38 on Friday. The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $12.69. Chagee has a fifty-two week low of $8.98 and a fifty-two week high of $39.47. The firm has a market cap of $1.91 billion and a PE ratio of 11.53.

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.