Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Given Average Rating of “Hold” by Brokerages

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA – Get Free Report) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.6833.

A number of research analysts have issued reports on the stock. CLSA began coverage on shares of Chagee in a report on Sunday, May 31st. They issued a “hold” rating and a $10.00 price target for the company. Weiss Ratings raised shares of Chagee from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. The Goldman Sachs Group started coverage on Chagee in a research report on Sunday, June 21st. They issued a “neutral” rating and a $13.60 target price on the stock. Zacks Research upgraded Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut Chagee from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th.

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Chagee Stock Performance

Shares of CHA stock opened at $11.20 on Monday. Chagee has a 12-month low of $8.98 and a 12-month high of $24.22. The business’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $11.04. The company has a market cap of $2.06 billion, a PE ratio of 16.00 and a beta of 1.62.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Chagee during the second quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Chagee by 3,141.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock worth $34,000 after buying an additional 2,796 shares during the period. Quantbot Technologies LP acquired a new position in Chagee in the 3rd quarter worth approximately $34,000. Geode Capital Management LLC purchased a new position in Chagee during the 4th quarter worth approximately $147,000. Finally, Federated Hermes Inc. purchased a new position in Chagee during the 2nd quarter worth approximately $172,000.

About Chagee

(Get Free Report)

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.

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