Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives $32.73 Consensus Price Target from Analysts

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $32.7333.

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Chagee in a research report on Friday, November 14th. They set an “underweight” rating and a $14.20 target price on the stock. Wall Street Zen lowered shares of Chagee from a “buy” rating to a “hold” rating in a report on Sunday, September 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research report on Wednesday. Finally, Macquarie initiated coverage on shares of Chagee in a research report on Friday, September 5th. They set a “neutral” rating and a $19.00 price target for the company.

Hedge Funds Weigh In On Chagee

A number of large investors have recently modified their holdings of the company. Schroder Investment Management Group purchased a new stake in shares of Chagee during the 3rd quarter worth about $46,150,000. UBS Group AG grew its stake in Chagee by 212.5% during the third quarter. UBS Group AG now owns 984,755 shares of the company’s stock worth $16,298,000 after buying an additional 669,583 shares during the period. Marshall Wace LLP acquired a new stake in shares of Chagee in the second quarter worth $13,764,000. Barings LLC purchased a new position in shares of Chagee in the 2nd quarter valued at $11,302,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Chagee during the 2nd quarter valued at $11,034,000.

Chagee Stock Up 4.5%

Shares of CHA opened at $13.66 on Wednesday. Chagee has a 1 year low of $13.04 and a 1 year high of $41.80. The firm’s 50 day moving average price is $16.08. The stock has a market capitalization of $2.51 billion and a P/E ratio of 23.15.

Chagee (NASDAQ:CHA) last issued its quarterly earnings results on Friday, August 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $465.11 million during the quarter, compared to the consensus estimate of $484.14 million.

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.