Chagee (NASDAQ:CHA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
Several other equities analysts also recently issued reports on the company. Morgan Stanley started coverage on Chagee in a research report on Monday, June 2nd. They set an "overweight" rating and a $37.50 price objective for the company. CICC Research started coverage on Chagee in a research report on Friday. They set an "outperform" rating and a $41.50 price objective for the company. Finally, Citigroup initiated coverage on Chagee in a research report on Wednesday, June 4th. They set a "buy" rating and a $43.70 price objective for the company.
Get Our Latest Stock Report on CHA
Chagee Price Performance
Chagee stock traded up $0.17 during midday trading on Friday, hitting $32.75. The stock had a trading volume of 1,275,714 shares, compared to its average volume of 1,651,180. Chagee has a 12 month low of $27.21 and a 12 month high of $41.80.
Chagee (NASDAQ:CHA - Get Free Report) last posted its earnings results on Friday, May 30th. The company reported $0.54 EPS for the quarter. The company had revenue of $467.53 million for the quarter.
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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