Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts have a consensus “Hold” rating on Chagee, with four holds, two buys and one sell among seven firms. The average 12-month price target is $13.82, versus a recent share price of $11.25.
• Chagee reported quarterly EPS of $0.37, exceeding the $0.33 consensus estimate, on revenue of $502.59 million. Analysts project full-year EPS of $1.31.
• The stock has a $2.06 billion market capitalization and trades at a P/E ratio of 11.14, while several institutional investors—including Renaissance Technologies and Bank of America—recently initiated or increased positions.

Shares of Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Get Free Report) have received a consensus recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.82.

CHA has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Chagee from a "buy" rating to a "strong-buy" rating in a report on Sunday, October 4th. Weiss Ratings downgraded shares of Chagee from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Chagee in a research note on Sunday, June 21st. They set a "neutral" rating and a $13.60 price objective for the company.

Chagee Stock Performance

Shares of CHA opened at $11.25 on Friday. The company has a 50 day moving average price of $11.23 and a 200-day moving average price of $11.01. Chagee has a fifty-two week low of $8.98 and a fifty-two week high of $17.66. The stock has a market capitalization of $2.06 billion, a PE ratio of 11.14 and a beta of 1.48.

Chagee (NASDAQ:CHA - Get Free Report) last released its quarterly earnings results on Friday, August 28th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $502.59 million during the quarter. Chagee had a return on equity of 16.43% and a net margin of 10.23%. Equities research analysts forecast that Chagee will post 1.31 EPS for the current year.

Institutional Trading of Chagee

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in Chagee during the 1st quarter worth $2,511,000. Empowered Funds LLC purchased a new stake in Chagee in the first quarter valued at about $1,211,000. Virtu Financial LLC boosted its holdings in Chagee by 355.9% in the fourth quarter. Virtu Financial LLC now owns 54,304 shares of the company's stock worth $632,000 after acquiring an additional 42,393 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Chagee by 5,266.8% during the first quarter. Bank of America Corp DE now owns 50,502 shares of the company's stock worth $470,000 after acquiring an additional 49,561 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Chagee during the first quarter worth about $427,000.

About Chagee

Chagee, also known as BaWangChaJi (霸王茶姬), is a Chinese tea beverage company that operates a chain of cafés and tea shops. Founded in 2017, the company focuses on freshly prepared drinks based on traditional Asian tea varieties, combining tea culture with modern café-style service and branding.

Its product range primarily includes tea-based beverages such as milk tea, pure tea and specialty tea lattes made with varieties including jasmine green tea, oolong tea and black tea. Chagee also offers selected seasonal and complementary beverages, with its menu and product development centered on brewed tea rather than the tapioca-focused drinks commonly associated with traditional bubble tea.

Chagee serves customers through a combination of company-operated and franchised locations.

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