Chagee (NASDAQ:CHA) Reaches New 12-Month Low - Time to Sell?

Key Points

• Chagee's stock hit a new 52-week low of $8.98 and last traded at $9.3210 on heavy volume of 2,238,015 shares (prior close $9.61).
• Analysts are mixed but the MarketBeat consensus is "Hold" with a consensus target price of $29.67; several firms upgraded to hold while JPMorgan cut its target to $11.50 and Jefferies set a $14 target.
• Institutional investors have been active—most notably Fosun International added roughly 7.4 million shares—while Chagee has a $1.71B market cap, a P/E of 10.59, and reported quarterly EPS of $0.07 on $425.15M revenue.

Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $8.98 and last traded at $9.3210, with a volume of 2238015 shares trading hands. The stock had previously closed at $9.61.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Chagee from a "sell" rating to a "hold" rating in a research note on Sunday, December 14th. JPMorgan Chase & Co. raised shares of Chagee from an "underweight" rating to a "neutral" rating and cut their price target for the company from $12.40 to $11.50 in a research report on Friday, February 13th. Zacks Research upgraded Chagee from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Chagee in a research report on Friday. Finally, Jefferies Financial Group assumed coverage on Chagee in a research report on Wednesday, January 7th. They set a "hold" rating and a $14.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $29.67.

Chagee Stock Performance

The company has a market cap of $1.71 billion and a P/E ratio of 10.59. The firm's 50 day moving average price is $10.85 and its two-hundred day moving average price is $13.37.

Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.07 EPS for the quarter. The company had revenue of $425.15 million during the quarter.

Institutional Trading of Chagee

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fosun International Ltd raised its stake in Chagee by 19,295.0% during the 4th quarter. Fosun International Ltd now owns 7,447,088 shares of the company's stock worth $86,610,000 after buying an additional 7,408,691 shares during the period. Schroder Investment Management Group acquired a new stake in Chagee in the third quarter valued at approximately $46,150,000. UBS Group AG increased its holdings in shares of Chagee by 212.5% during the third quarter. UBS Group AG now owns 984,755 shares of the company's stock valued at $16,298,000 after acquiring an additional 669,583 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Chagee during the second quarter valued at approximately $13,764,000. Finally, Jane Street Group LLC raised its position in shares of Chagee by 2,237.0% during the fourth quarter. Jane Street Group LLC now owns 439,640 shares of the company's stock worth $5,113,000 after purchasing an additional 420,828 shares during the period.

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. “Quality, Health, and Convenience” is the guiding principle of how we make our products.

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