Franchise Capital Ltd Takes Position in Chagee Holdings Limited – Sponsored ADR $CHA

Franchise Capital Ltd acquired a new stake in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 157,457 shares of the company’s stock, valued at approximately $4,111,000. Chagee accounts for about 2.1% of Franchise Capital Ltd’s portfolio, making the stock its 6th largest position. Franchise Capital Ltd owned about 0.09% of Chagee at the end of the most recent quarter.

Separately, Matthews International Capital Management LLC bought a new position in shares of Chagee in the 2nd quarter valued at about $1,401,000.

Chagee Stock Down 1.6%

Shares of Chagee stock opened at $16.74 on Tuesday. Chagee Holdings Limited – Sponsored ADR has a twelve month low of $16.17 and a twelve month high of $41.80. The business has a 50-day simple moving average of $19.55.

Chagee (NASDAQ:CHA) last issued its quarterly earnings data on Friday, August 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $465.11 million for the quarter, compared to analyst estimates of $484.14 million.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Macquarie assumed coverage on shares of Chagee in a research report on Friday, September 5th. They issued a “neutral” rating and a $19.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Chagee in a research note on Thursday, June 19th. They set a “buy” rating and a $40.50 target price for the company. Finally, Wall Street Zen cut shares of Chagee from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chagee currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.44.

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.