Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Chagee Holdings Limited has received a consensus rating of "Moderate Buy" from six analysts, with one sell, one hold, and four buy ratings.
• The average twelve-month price target for Chagee shares is $36.44, while the stock currently trades around $17.34.
• In its latest earnings report, Chagee missed consensus estimates with $0.05 EPS, falling short of the expected $0.09.

Shares of Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.44.

Several analysts have issued reports on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Chagee in a research report on Friday. Wall Street Zen downgraded Chagee from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Macquarie began coverage on Chagee in a research report on Friday, September 5th. They set a "neutral" rating and a $19.00 target price on the stock.

Institutional Trading of Chagee

Several institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of Chagee in the 2nd quarter valued at $13,764,000. Barings LLC acquired a new position in Chagee in the second quarter valued at about $11,302,000. Allianz Asset Management GmbH acquired a new position in shares of Chagee during the second quarter valued at $11,034,000. Norges Bank acquired a new position in Chagee during the 2nd quarter valued at about $5,050,000. Finally, MY.Alpha Management HK Advisors Ltd acquired a new position in Chagee during the 2nd quarter valued at about $4,632,000.

Chagee Trading Down 1.2%

CHA opened at $17.34 on Friday. The firm has a 50 day simple moving average of $18.06. Chagee has a 12-month low of $15.41 and a 12-month high of $41.80.

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

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.

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