TH International (NASDAQ:THCH) Releases Earnings Results, Hits Estimates

TH International (NASDAQ:THCH) announced its quarterly earnings data on Tuesday. The company reported ($0.25) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.25), FiscalAI reports. The firm had revenue of $40.24 million for the quarter, compared to analysts’ expectations of $42.14 million.

TH International Price Performance

Shares of NASDAQ:THCH opened at $1.70 on Tuesday. The firm has a market capitalization of $56.51 million, a PE ratio of -0.80 and a beta of 0.50. TH International has a 12 month low of $1.24 and a 12 month high of $3.25. The business has a 50-day moving average of $1.72 and a two-hundred day moving average of $1.90.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in TH International stock. Citadel Advisors LLC lifted its holdings in TH International Limited (NASDAQ:THCH) by 51.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,033 shares of the company’s stock after acquiring an additional 9,227 shares during the period. Citadel Advisors LLC owned approximately 0.08% of TH International worth $71,000 as of its most recent SEC filing. 91.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

TH International Company Profile

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.