Brokerages Set Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Price Target at $30.06

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.0571.

A number of research firms recently commented on CHA. Wall Street Zen raised shares of Chagee from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research note on Monday, December 29th. JPMorgan Chase & Co. started coverage on Chagee in a research report on Friday, November 14th. They issued an “underweight” rating and a $14.20 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Chagee in a research note on Wednesday, January 7th. They set a “hold” rating and a $14.00 target price for the company.

Chagee Trading Down 4.5%

Chagee stock opened at $12.58 on Thursday. The stock has a market cap of $2.31 billion and a P/E ratio of 14.30. The stock has a 50 day moving average of $13.66 and a 200-day moving average of $18.08. Chagee has a 52 week low of $10.26 and a 52 week high of $41.80.

Chagee (NASDAQ:CHA) last announced its quarterly earnings results on Friday, November 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $450.67 million during the quarter, compared to analyst estimates of $458.31 million.

Chagee Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.92 per share. The ex-dividend date was Monday, December 8th. Chagee’s payout ratio is currently 98.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CHA. JPMorgan Chase & Co. bought a new position in Chagee in the second quarter valued at $26,000. Quantbot Technologies LP bought a new stake in Chagee in the 3rd quarter valued at $34,000. Federated Hermes Inc. acquired a new stake in Chagee in the 2nd quarter worth about $172,000. FACTORIAL MANAGEMENT Ltd acquired a new stake in Chagee during the second quarter worth approximately $178,000. Finally, Polymer Capital Management HK LTD acquired a new position in Chagee in the third quarter valued at about $182,000.

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. “Quality, Health, and Convenience” is the guiding principle of how we make our products.