Chagee (NASDAQ:CHA) Issues Earnings Results

Chagee (NASDAQ:CHA - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.54 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $467.53 million during the quarter.

Chagee Stock Performance

NASDAQ:CHA traded up $0.28 during mid-day trading on Tuesday, reaching $31.07. 630,234 shares of the stock were exchanged, compared to its average volume of 1,621,584. Chagee has a 1 year low of $27.21 and a 1 year high of $41.80.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley assumed coverage on Chagee in a report on Monday. They issued an "overweight" rating and a $37.50 price objective on the stock. Wall Street Zen upgraded Chagee from a "hold" rating to a "buy" rating in a research note on Wednesday, May 28th.

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.