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

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.6833.

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Chagee from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. The Goldman Sachs Group initiated coverage on shares of Chagee in a research report on Sunday, June 21st. They set a “neutral” rating and a $13.60 price target on the stock. Weiss Ratings lowered Chagee from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $15.50 price objective on shares of Chagee in a research report on Friday, May 29th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CHA. JPMorgan Chase & Co. purchased a new position in shares of Chagee in the 2nd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 worth $34,000 after purchasing an additional 2,796 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Chagee in the third quarter valued at $34,000. Geode Capital Management LLC acquired a new stake in shares of Chagee during the 4th quarter worth about $147,000. Finally, Federated Hermes Inc. acquired a new stake in Chagee during the second quarter worth approximately $172,000.

Chagee Price Performance

Shares of NASDAQ:CHA opened at $11.25 on Monday. Chagee has a 52-week low of $8.98 and a 52-week high of $23.90. The stock has a market cap of $2.06 billion, a P/E ratio of 16.07 and a beta of 1.62. The business has a fifty day moving average of $11.44 and a two-hundred day moving average of $10.98.

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.