Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives Consensus Rating of “Hold” from Brokerages

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA – Get Free Report) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.6833.

Several research analysts have commented on the stock. Wall Street Zen lowered shares of Chagee from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. CLSA began coverage on shares of Chagee in a research note on Sunday, May 31st. They set a “hold” rating and a $10.00 target price on the stock. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. The Goldman Sachs Group assumed coverage on shares of Chagee in a research note on Sunday, June 21st. They issued a “neutral” rating and a $13.60 price target for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $15.50 price objective on shares of Chagee in a research report on Friday, May 29th.

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Chagee Stock Down 2.6%

Shares of CHA stock opened at $10.35 on Friday. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 14.79 and a beta of 1.58. The stock has a fifty day moving average of $11.06 and a 200 day moving average of $10.80. Chagee has a 52 week low of $8.98 and a 52 week high of $22.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in Chagee in the second quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its position in Chagee by 3,141.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock valued at $34,000 after buying an additional 2,796 shares during the period. Quantbot Technologies LP purchased a new position in Chagee during the third quarter valued at $34,000. Geode Capital Management LLC bought a new stake in shares of Chagee during the 4th quarter valued at $147,000. Finally, Federated Hermes Inc. bought a new stake in shares of Chagee during the 2nd quarter valued at $172,000.

Chagee Company Profile

(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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