Chagee Holdings Limited – Sponsored ADR (CHA) – What Are Analysts Saying About This Stock?

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.82.

Several research firms have weighed in on CHA. The Goldman Sachs Group initiated coverage on Chagee in a research note on Sunday, June 21st. They set a “neutral” rating and a $13.60 price target on the stock. Weiss Ratings downgraded Chagee from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Chagee from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 4th.

Institutional Investors Weigh In On Chagee

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new position in shares of Chagee during the 1st quarter valued at about $2,511,000. Empowered Funds LLC purchased a new stake in shares of Chagee in the first quarter worth about $1,211,000. Bank of America Corp DE grew its holdings in Chagee by 5,266.8% during the first quarter. Bank of America Corp DE now owns 50,502 shares of the company’s stock worth $470,000 after acquiring an additional 49,561 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Chagee during the first quarter worth about $427,000. Finally, Virtu Financial LLC raised its position in Chagee by 355.9% during the fourth quarter. Virtu Financial LLC now owns 54,304 shares of the company’s stock valued at $632,000 after acquiring an additional 42,393 shares in the last quarter.

Chagee Trading Down 0.7%

NASDAQ CHA opened at $11.25 on Friday. Chagee has a 12-month low of $8.98 and a 12-month high of $17.66. The company has a fifty day simple moving average of $11.23 and a two-hundred day simple moving average of $11.01. The stock has a market cap of $2.06 billion, a P/E ratio of 11.14 and a beta of 1.48.

Chagee (NASDAQ:CHA) last announced its quarterly earnings data on Friday, August 28th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $502.59 million for the quarter. Chagee had a net margin of 10.23% and a return on equity of 16.43%. As a group, sell-side analysts forecast that Chagee will post 1.31 earnings per share for the current year.

About Chagee

Chagee, also known as BaWangChaJi (霸王茶姬), is a Chinese tea beverage company that operates a chain of cafés and tea shops. Founded in 2017, the company focuses on freshly prepared drinks based on traditional Asian tea varieties, combining tea culture with modern café-style service and branding.

Its product range primarily includes tea-based beverages such as milk tea, pure tea and specialty tea lattes made with varieties including jasmine green tea, oolong tea and black tea. Chagee also offers selected seasonal and complementary beverages, with its menu and product development centered on brewed tea rather than the tapioca-focused drinks commonly associated with traditional bubble tea.

Chagee serves customers through a combination of company-operated and franchised locations.