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

Key Points

• Chagee Holdings Limited has received a consensus rating of "Moderate Buy" from five brokerages, with one hold rating and four buy ratings.
• The average 12-month target price for the stock is $36.44, while recent price targets from analysts range from $37.50 to $43.70.
• In its latest earnings report, Chagee missed analysts' expectations with reported earnings of $0.05 per share against a consensus estimate of $0.09.

Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $36.44.

A number of equities analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Chagee in a report on Monday, June 2nd. They issued an "overweight" rating and a $37.50 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chagee in a research note on Thursday, June 19th. They set a "buy" rating and a $40.50 target price on the stock. CICC Research assumed coverage on shares of Chagee in a research note on Friday, June 6th. They set an "outperform" rating and a $41.50 target price on the stock. Wall Street Zen cut shares of Chagee from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, Citigroup assumed coverage on shares of Chagee in a research note on Wednesday, June 4th. They set a "buy" rating and a $43.70 target price on the stock.

Chagee Trading Down 0.2%

CHA opened at $16.84 on Tuesday. The business has a 50 day simple moving average of $20.31. Chagee has a 12-month low of $16.17 and a 12-month high of $41.80.

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

Institutional Investors Weigh In On Chagee

Several institutional investors and hedge funds have recently modified their holdings of CHA. Marshall Wace LLP bought a new stake in shares of Chagee during the second quarter valued at approximately $13,764,000. Barings LLC bought a new stake in shares of Chagee during the second quarter valued at approximately $11,302,000. Allianz Asset Management GmbH bought a new stake in shares of Chagee during the second quarter valued at approximately $11,034,000. Norges Bank bought a new stake in shares of Chagee during the second quarter valued at approximately $5,050,000. Finally, MY.Alpha Management HK Advisors Ltd bought a new stake in shares of Chagee during the second quarter valued at approximately $4,632,000.

About Chagee

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.