Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives Consensus Rating of “Hold” from Analysts

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.6714.

Several brokerages have commented on CHA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Chagee from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $12.40 to $11.50 in a report on Friday, February 13th. Jefferies Financial Group assumed coverage on Chagee in a research note on Wednesday, January 7th. They issued a “hold” rating and a $14.00 target price on the stock. Zacks Research raised shares of Chagee from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Wall Street Zen raised Chagee from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th.

Institutional Trading of Chagee

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Chagee in the second quarter worth $26,000. Quantbot Technologies LP bought a new position in shares of Chagee during the 3rd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd increased its position in Chagee by 3,141.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock valued at $34,000 after buying an additional 2,796 shares in the last quarter. Polymer Capital Management HK LTD boosted its stake in Chagee by 39.1% in the 4th quarter. Polymer Capital Management HK LTD now owns 15,300 shares of the company’s stock worth $178,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Ovata Capital Management Ltd lifted its holdings in shares of Chagee by 22.2% during the third quarter. Ovata Capital Management Ltd now owns 27,500 shares of the company’s stock worth $455,000 after purchasing an additional 5,000 shares during the period.

Chagee Stock Performance

Shares of CHA opened at $10.78 on Friday. The firm has a market cap of $1.98 billion and a P/E ratio of 12.25. Chagee has a fifty-two week low of $9.95 and a fifty-two week high of $41.80. The business has a 50-day moving average of $11.51 and a 200 day moving average of $14.65.

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.