Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $25.00 and last traded at $25.13, with a volume of 1073007 shares trading hands. The stock had previously closed at $26.17.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chagee in a report on Thursday, June 19th. They issued a "buy" rating and a $40.50 target price 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 target price on the stock. CICC Research assumed coverage on shares of Chagee in a report on Friday, June 6th. They issued an "outperform" rating and a $41.50 target price on the stock. Wall Street Zen upgraded shares of Chagee from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Citigroup started coverage on shares of Chagee in a research note on Wednesday, June 4th. They issued a "buy" rating and a $43.70 price target on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Chagee has a consensus rating of "Buy" and a consensus price target of $40.80.
Get Our Latest Analysis on CHA
Chagee Stock Performance
Chagee (NASDAQ:CHA - Get Free Report) last released its earnings results on Friday, May 30th. The company reported $0.54 EPS for the quarter. The firm had revenue of $467.53 million during the quarter.
Hedge Funds Weigh In On Chagee
An institutional investor recently bought a new position in Chagee stock. LBP AM SA acquired a new stake in shares of Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 62,000 shares of the company's stock, valued at approximately $1,619,000.
Chagee Company Profile
(
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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.
Further Reading
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