Chagee (NASDAQ:CHA) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Chagee from “buy” to “strong-buy.” However, the broader analyst consensus remains “Hold,” with an average price target of $13.82.
• Chagee reported quarterly EPS of $0.37, beating the $0.33 consensus estimate, alongside $502.59 million in revenue. The company posted a 10.23% net margin and 16.43% return on equity.
• Shares opened at $11.66, with a market capitalization of approximately $2.14 billion and a 52-week trading range of $8.98 to $18.46; several institutional investors recently initiated or increased positions.

Chagee (NASDAQ:CHA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also issued reports on the stock. Zacks Research raised shares of Chagee from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Morgan Stanley restated an "overweight" rating and issued a $15.50 price target on shares of Chagee in a research note on Friday, May 29th. The Goldman Sachs Group started coverage on Chagee in a report on Sunday, June 21st. They set a "neutral" rating and a $13.60 price target on the stock. CLSA initiated coverage on Chagee in a research report on Sunday, May 31st. They set a "hold" rating and a $10.00 price objective for the company. Finally, Weiss Ratings lowered Chagee from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.82.

Chagee Price Performance

Shares of NASDAQ CHA opened at $11.66 on Friday. Chagee has a 1-year low of $8.98 and a 1-year high of $18.46. The business's fifty day moving average price is $11.05 and its two-hundred day moving average price is $10.84. The firm has a market capitalization of $2.14 billion, a PE ratio of 11.54 and a beta of 1.60.

Chagee (NASDAQ:CHA - Get Free Report) last announced its quarterly earnings results on Friday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $502.59 million during the quarter. Chagee had a net margin of 10.23% and a return on equity of 16.43%. Equities research analysts expect that Chagee will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in shares of Chagee during the second quarter valued at approximately $26,000. Quantbot Technologies LP acquired a new stake in Chagee in the third quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd lifted its position in Chagee by 3,141.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company's stock worth $34,000 after purchasing an additional 2,796 shares during the period. Federated Hermes Inc. bought a new position in Chagee during the 2nd quarter valued at $172,000. Finally, Geode Capital Management LLC acquired a new position in shares of Chagee during the 2nd quarter valued at $232,000.

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.

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