Chagee (NASDAQ:CHA - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.
Several other research analysts also recently commented on CHA. Macquarie assumed coverage on shares of Chagee in a report on Friday, September 5th. They set a "neutral" rating and a $19.00 price objective for the company. Wall Street Zen downgraded shares of Chagee from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.44.
Read Our Latest Analysis on CHA
Chagee Stock Down 1.2%
NASDAQ:CHA traded down $0.21 on Friday, reaching $17.34. 790,912 shares of the company's stock traded hands, compared to its average volume of 823,193. Chagee has a 12 month low of $15.41 and a 12 month high of $41.80. The stock's 50-day moving average is $18.06.
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 analysts' consensus estimates of $0.09 by ($0.04). The business had revenue of $465.11 million for the quarter, compared to analyst estimates of $484.14 million.
Hedge Funds Weigh In On Chagee
A number of institutional investors and hedge funds have recently modified their holdings of CHA. Marshall Wace LLP purchased a new position in shares of Chagee in the 2nd quarter worth approximately $13,764,000. Barings LLC purchased a new stake in Chagee in the 2nd quarter worth about $11,302,000. Allianz Asset Management GmbH purchased a new stake in Chagee in the 2nd quarter worth about $11,034,000. Norges Bank purchased a new stake in Chagee in the 2nd quarter worth about $5,050,000. Finally, MY.Alpha Management HK Advisors Ltd purchased a new stake in Chagee in the 2nd quarter worth about $4,632,000.
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.
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