Chagee (NASDAQ:CHA) Sets New 1-Year Low – Time to Sell?

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.28 and last traded at $12.3550, with a volume of 1127608 shares changing hands. The stock had previously closed at $13.47.

Wall Street Analysts Forecast Growth

CHA has been the topic of a number of research analyst reports. Macquarie initiated coverage on shares of Chagee in a report on Friday, September 5th. They issued a “neutral” rating and a $19.00 price target on the stock. Wall Street Zen raised Chagee from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th. Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a report on Monday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Chagee in a research report on Friday, November 14th. They set an “underweight” rating and a $14.20 target price for the company. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.73.

Chagee Stock Up 1.6%

The stock has a 50 day simple moving average of $14.97 and a 200 day simple moving average of $20.16. The company has a market cap of $2.29 billion and a price-to-earnings ratio of 14.15.

Chagee (NASDAQ:CHA) last posted its earnings results on Friday, November 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $450.67 million during the quarter, compared to analyst estimates of $458.31 million.

Chagee Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a $0.92 dividend. The ex-dividend date was Monday, December 8th. Chagee’s payout ratio is currently 98.86%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Schroder Investment Management Group acquired a new stake in Chagee during the 3rd quarter valued at approximately $46,150,000. UBS Group AG boosted its stake in shares of Chagee by 212.5% during 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 during the last quarter. Marshall Wace LLP acquired a new stake in shares of Chagee during the second quarter worth approximately $13,764,000. Barings LLC bought a new stake in shares of Chagee in the second quarter worth $11,302,000. Finally, Allianz Asset Management GmbH acquired a new stake in Chagee in the second quarter valued at $11,034,000.

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.