Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Stock Has Average Price Target of $13.82 According to Analysts

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.82.

A number of research firms have recently issued reports on CHA. The Goldman Sachs Group initiated coverage on Chagee in a report on Sunday, June 21st. They issued a “neutral” rating and a $13.60 target price on the stock. Weiss Ratings downgraded Chagee from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised Chagee from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 4th.

Chagee Stock Performance

NASDAQ CHA opened at $12.29 on Friday. Chagee has a one year low of $8.98 and a one year high of $17.66. The firm has a market cap of $2.26 billion, a PE ratio of 12.17 and a beta of 1.48. The firm’s fifty day moving average is $11.30 and its two-hundred day moving average is $11.06.

Chagee (NASDAQ:CHA) last issued its quarterly earnings results on Friday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Chagee had a return on equity of 16.43% and a net margin of 10.23%. The firm had revenue of $502.59 million for the quarter. Research analysts predict that Chagee will post 1.31 earnings per share for the current year.

Institutional Trading of Chagee

Several hedge funds have recently made changes to their positions in CHA. Renaissance Technologies LLC purchased a new stake in Chagee in the 1st quarter valued at approximately $2,511,000. Empowered Funds LLC purchased a new position in shares of Chagee during the 1st quarter worth approximately $1,211,000. Bank of America Corp DE raised its stake in shares of Chagee by 5,266.8% during the 1st quarter. Bank of America Corp DE now owns 50,502 shares of the company’s stock worth $470,000 after buying an additional 49,561 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Chagee during the 1st quarter worth approximately $427,000. Finally, Virtu Financial LLC lifted its holdings in shares of Chagee by 355.9% in the 4th quarter. Virtu Financial LLC now owns 54,304 shares of the company’s stock valued at $632,000 after buying an additional 42,393 shares during the period.

Chagee Company Profile

Chagee, also known as BaWangChaJi (霸王茶姬), is a Chinese tea beverage company that operates a chain of cafés and tea shops. Founded in 2017, the company focuses on freshly prepared drinks based on traditional Asian tea varieties, combining tea culture with modern café-style service and branding.

Its product range primarily includes tea-based beverages such as milk tea, pure tea and specialty tea lattes made with varieties including jasmine green tea, oolong tea and black tea. Chagee also offers selected seasonal and complementary beverages, with its menu and product development centered on brewed tea rather than the tapioca-focused drinks commonly associated with traditional bubble tea.

Chagee serves customers through a combination of company-operated and franchised locations.