Analysts Set Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Target Price at $30.06

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) has earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.0571.

CHA has been the subject of several recent research reports. Wall Street Zen upgraded Chagee from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Jefferies Financial Group began coverage on Chagee in a report on Wednesday, January 7th. They set a “hold” rating and a $14.00 target price for the company. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. 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 price target on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a report on Monday, December 29th.

Chagee Stock Performance

Shares of CHA stock opened at $10.99 on Monday. Chagee has a 52 week low of $10.26 and a 52 week high of $41.80. The company has a market capitalization of $2.02 billion and a price-to-earnings ratio of 12.49. The company has a 50-day simple moving average of $12.67 and a 200 day simple moving average of $16.09.

Chagee (NASDAQ:CHA) last issued its quarterly earnings data on Friday, November 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $450.67 million for the quarter, compared to analysts’ expectations of $458.31 million.

Chagee Dividend Announcement

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

Hedge Funds Weigh In On Chagee

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franchise Capital Ltd acquired a new stake in shares of Chagee during the 2nd quarter worth $4,111,000. Allianz Asset Management GmbH bought a new stake in Chagee during the second quarter worth about $11,034,000. FACTORIAL MANAGEMENT Ltd bought a new position in Chagee in the 2nd quarter valued at about $178,000. Ovata Capital Management Ltd acquired a new position in shares of Chagee in the 2nd quarter valued at approximately $587,000. Finally, Geode Capital Management LLC acquired a new position in shares of Chagee in the 2nd quarter valued at approximately $232,000.

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.