Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives $30.06 Average PT from Analysts

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.0571.

Several research firms have weighed in on CHA. JPMorgan Chase & Co. began coverage on shares of Chagee in a report on Friday, November 14th. They issued an “underweight” rating and a $14.20 target price on the stock. Wall Street Zen upgraded Chagee from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th. Jefferies Financial Group began coverage on Chagee in a research report on Wednesday. They issued a “hold” rating and a $14.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research note on Monday, December 29th.

Chagee Trading Up 2.2%

Shares of NASDAQ:CHA opened at $13.17 on Thursday. The company’s 50 day moving average is $13.72 and its 200 day moving average is $18.22. The company has a market cap of $2.42 billion and a PE ratio of 14.97. Chagee has a twelve month low of $10.26 and a twelve month high of $41.80.

Chagee (NASDAQ:CHA) last issued its earnings results on Friday, November 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $450.67 million during the quarter, compared to analyst estimates of $458.31 million.

Chagee Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, December 8th. Chagee’s dividend payout ratio (DPR) is 98.86%.

Hedge Funds Weigh In On Chagee

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in Chagee in the second quarter valued at approximately $26,000. Quantbot Technologies LP acquired a new stake in shares of Chagee in the third quarter valued at $34,000. Ovata Capital Management Ltd raised its holdings in shares of Chagee by 22.2% in the 3rd quarter. Ovata Capital Management Ltd now owns 27,500 shares of the company’s stock valued at $455,000 after buying an additional 5,000 shares during the period. Federated Hermes Inc. acquired a new position in Chagee during the 2nd quarter worth about $172,000. Finally, FACTORIAL MANAGEMENT Ltd purchased a new position in Chagee during the 2nd quarter valued at about $178,000.

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.