Franchise Capital Ltd Buys Shares of 157,457 Chagee Holdings Limited – Sponsored ADR $CHA

Franchise Capital Ltd bought a new stake in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) during the 2nd quarter, HoldingsChannel reports. The fund bought 157,457 shares of the company’s stock, valued at approximately $4,111,000. Chagee makes up 2.1% of Franchise Capital Ltd’s holdings, making the stock its 6th biggest position.

Separately, LBP AM SA bought a new position in Chagee in the 2nd quarter valued at about $1,619,000.

Chagee Stock Down 1.6%

CHA stock opened at $16.74 on Tuesday. The stock’s 50 day moving average is $19.55. Chagee Holdings Limited – Sponsored ADR has a 1 year low of $16.17 and a 1 year high of $41.80.

Chagee (NASDAQ:CHA) last released its quarterly earnings data on Friday, August 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $465.11 million for the quarter, compared to analyst estimates of $484.14 million.

Wall Street Analyst Weigh In

Several research firms have commented on CHA. Wall Street Zen lowered shares of Chagee from a “buy” rating to a “hold” rating in a report on Sunday, September 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a report on Saturday, September 27th. Macquarie began coverage on shares of Chagee in a report on Friday, September 5th. They issued a “neutral” rating and a $19.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Chagee in a report on Thursday, June 19th. They issued a “buy” rating and a $40.50 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

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.