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

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has been given a consensus recommendation of “Hold” by the nine brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.6714.

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

Chagee Stock Performance

CHA stock opened at $10.16 on Tuesday. Chagee has a 1 year low of $9.95 and a 1 year high of $41.80. The stock has a market capitalization of $1.86 billion and a price-to-earnings ratio of 11.55. The stock’s fifty day moving average is $11.13 and its two-hundred day moving average is $13.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CHA. Fosun International Ltd raised its stake in shares of Chagee by 19,295.0% during the fourth quarter. Fosun International Ltd now owns 7,447,088 shares of the company’s stock valued at $86,610,000 after purchasing an additional 7,408,691 shares in the last quarter. Schroder Investment Management Group bought a new position in Chagee in the 3rd quarter valued at about $46,150,000. UBS Group AG grew its position in Chagee by 212.5% in the 3rd quarter. UBS Group AG now owns 984,755 shares of the company’s stock valued at $16,298,000 after buying an additional 669,583 shares in the last quarter. Marshall Wace LLP acquired a new position in Chagee during the 2nd quarter valued at about $13,764,000. Finally, Jane Street Group LLC raised its position in shares of Chagee by 2,237.0% during the 4th quarter. Jane Street Group LLC now owns 439,640 shares of the company’s stock worth $5,113,000 after buying an additional 420,828 shares in the last quarter.

About Chagee

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.