Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Receives Average Rating of “Hold” from Analysts

Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) have earned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $30.3143.

A number of equities analysts have recently commented on CHA shares. Zacks Research downgraded shares of Chagee from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. upgraded shares of Chagee from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $11.50 to $16.00 in a research note on Thursday, April 2nd.

Chagee Stock Performance

Shares of NASDAQ CHA opened at $9.84 on Wednesday. The firm has a market cap of $1.81 billion and a PE ratio of 10.93. Chagee has a 1-year low of $8.98 and a 1-year high of $35.42. The company has a fifty day moving average price of $10.44 and a 200 day moving average price of $11.97.

Institutional Investors Weigh In On Chagee

Institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group bought a new stake in shares of Chagee in the 3rd quarter valued at about $46,150,000. Rakuten Investment Management Inc. bought a new stake in shares of Chagee in the 3rd quarter valued at about $931,000. Barclays PLC bought a new stake in shares of Chagee in the 3rd quarter valued at about $978,000. Quantbot Technologies LP bought a new stake in shares of Chagee in the 3rd quarter valued at about $34,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Chagee by 2,333.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,208 shares of the company’s stock valued at $401,000 after purchasing an additional 23,213 shares during the period.

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.