Lbp Am Sa Invests $1.62 Million in Chagee Holdings Limited - Sponsored ADR $CHA

Key Points

• Lbp Am Sa has invested approximately $1.62 million in Chagee Holdings Limited, acquiring 62,000 shares of the company's stock during the second quarter.
• Chagee's shares have received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $36.44.
• Chagee recently reported a loss in earnings per share of $0.04 below expectations, with quarterly revenue also missing estimates at $465.11 million.

Lbp Am Sa acquired a new position in shares of Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Free Report) during the second quarter, according to the company in its most recent Form 13F 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.

Analysts Set New Price Targets

CHA has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Chagee from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Chagee in a report on Thursday, June 19th. They set a "buy" rating and a $40.50 price objective on the stock. Macquarie began coverage on shares of Chagee in a report on Friday, September 5th. They set a "neutral" rating and a $19.00 price objective on the stock. Finally, CICC Research began coverage on shares of Chagee in a research note on Friday, June 6th. They issued an "outperform" rating and a $41.50 target price on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.44.

Chagee Stock Performance

Shares of NASDAQ CHA opened at $17.18 on Friday. Chagee Holdings Limited - Sponsored ADR has a 1 year low of $16.17 and a 1 year high of $41.80. The company has a 50-day simple moving average of $19.81.

Chagee (NASDAQ:CHA - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $465.11 million for the quarter, compared to the consensus estimate of $484.14 million.

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.

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