Chagee (NASDAQ:CHA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Chagee (NASDAQ:CHA) from a sell rating to a hold rating in a research note published on Sunday.

Several other research analysts have also issued reports on CHA. JPMorgan Chase & Co. initiated coverage on shares of Chagee in a research report on Friday, November 14th. They issued an “underweight” rating and a $14.20 price target for the company. Macquarie initiated coverage on Chagee in a research note on Friday, September 5th. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.73.

Chagee Price Performance

Shares of CHA stock opened at $13.69 on Friday. Chagee has a one year low of $12.99 and a one year high of $41.80. The stock has a fifty day moving average price of $15.18 and a 200 day moving average price of $20.39. The stock has a market cap of $2.51 billion and a P/E ratio of 15.56.

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

Chagee Announces Dividend

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

Institutional Investors Weigh In On Chagee

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Chagee during the second quarter valued at approximately $26,000. Quantbot Technologies LP acquired a new position in Chagee during the 3rd quarter worth $34,000. Federated Hermes Inc. bought a new position in Chagee in the 2nd quarter valued at $172,000. FACTORIAL MANAGEMENT Ltd acquired a new stake in shares of Chagee in the 2nd quarter valued at $178,000. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of Chagee in the 3rd quarter valued at $182,000.

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.