Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Given Average Rating of “Hold” by Brokerages

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.1667.

A number of brokerages recently commented on CHA. JPMorgan Chase & Co. raised shares of Chagee from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $11.50 to $16.00 in a research note on Thursday, April 2nd. Wall Street Zen raised shares of Chagee from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Morgan Stanley reissued an “overweight” rating and issued a $15.50 price objective on shares of Chagee in a research note on Friday, May 29th. Zacks Research raised shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research note on Friday, March 27th.

Chagee Stock Down 0.3%

NASDAQ:CHA opened at $11.54 on Friday. Chagee has a fifty-two week low of $8.98 and a fifty-two week high of $33.69. The stock has a market cap of $2.12 billion, a PE ratio of 16.49 and a beta of 1.73. The firm’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $11.54.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fosun International Ltd lifted its holdings in shares of Chagee by 19,295.0% during the 4th quarter. Fosun International Ltd now owns 7,447,088 shares of the company’s stock worth $86,610,000 after acquiring an additional 7,408,691 shares during the period. Schroder Investment Management Group purchased a new position in shares of Chagee during the 3rd quarter worth about $46,150,000. UBS Group AG lifted its holdings in shares of Chagee by 212.5% during the 3rd quarter. UBS Group AG now owns 984,755 shares of the company’s stock worth $16,298,000 after acquiring an additional 669,583 shares during the period. Marshall Wace LLP purchased a new position in shares of Chagee during the 4th quarter worth about $5,407,000. Finally, Jane Street Group LLC lifted its holdings 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 acquiring an additional 420,828 shares during the period.

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.