Chagee Holdings Limited – Sponsored ADR (CHA) – What Are Brokerages Saying About This Stock?

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.00.

Several equities research analysts have recently commented on CHA shares. Jefferies Financial Group raised shares of Chagee from a “hold” rating to a “buy” rating and upped their price target for the company from $11.80 to $14.90 in a research report on Tuesday, October 20th. Wall Street Zen raised shares of Chagee from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a research report on Wednesday, October 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new stake in shares of Chagee in the 3rd quarter worth $302,000. Y Intercept Hong Kong Ltd bought a new stake in Chagee during the first quarter valued at about $427,000. Bank of America Corp DE grew its holdings in Chagee by 5,266.8% during the first quarter. Bank of America Corp DE now owns 50,502 shares of the company’s stock valued at $470,000 after purchasing an additional 49,561 shares during the period. Empowered Funds LLC purchased a new stake in Chagee in the first quarter worth about $1,211,000. Finally, Renaissance Technologies LLC purchased a new stake in Chagee in the first quarter worth about $2,511,000.

Chagee Stock Performance

Chagee stock opened at $12.43 on Wednesday. The stock has a market cap of $2.28 billion, a PE ratio of 12.31 and a beta of 1.31. Chagee has a one year low of $8.98 and a one year high of $16.56. The stock has a fifty day moving average of $12.01 and a 200 day moving average of $11.16.

Chagee (NASDAQ:CHA) last posted its earnings results on Friday, August 28th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $502.59 million for the quarter. Chagee had a return on equity of 16.43% and a net margin of 10.23%. As a group, sell-side analysts predict that Chagee will post 1.31 EPS for the current fiscal year.

About Chagee

Chagee, also known as 霸王茶姬, is a China-based tea beverage company that develops and sells freshly prepared drinks made with tea. Its menu includes tea lattes and other milk tea and fruit tea beverages, with an emphasis on brewed tea and tea-forward flavors. Founded in 2017 by Zhang Junjie, who serves as the company’s chairman and chief executive officer, Chagee operates a network of branded teahouses. The company serves customers primarily in China and has expanded into selected Southeast Asian markets.