Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) shares reached a new 52-week low on Friday . The company 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.
Analysts Set New Price Targets
Several analysts have recently issued reports on CHA shares. Morgan Stanley started coverage on shares of Chagee in a research report on Monday, June 2nd. They set an "overweight" rating and a $37.50 target price on the stock. CICC Research started coverage on shares of Chagee in a research report on Friday, June 6th. They set an "outperform" rating and a $41.50 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Chagee in a research report on Thursday, June 19th. They set a "buy" rating and a $40.50 target price on the stock. Wall Street Zen raised shares of Chagee from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Citigroup began coverage on shares of Chagee in a research report on Wednesday, June 4th. They issued a "buy" rating and a $43.70 price objective on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $40.80.
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Chagee Price Performance
Chagee (NASDAQ:CHA - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.54 EPS for the quarter. The firm had revenue of $467.53 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Chagee stock. Matthews International Capital Management LLC bought a new position in Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 53,656 shares of the company's stock, valued at approximately $1,401,000.
About Chagee
(
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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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