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

TH International (NASDAQ:THCH) issued its quarterly earnings results on Tuesday. The company reported ($0.25) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.25), FiscalAI reports. The business had revenue of $40.24 million during the quarter, compared to the consensus estimate of $42.14 million.

TH International Trading Up 6.9%

Shares of THCH opened at $1.70 on Tuesday. The company has a market cap of $56.51 million, a price-to-earnings ratio of -0.80 and a beta of 0.50. The business’s fifty day simple moving average is $1.72 and its two-hundred day simple moving average is $1.90. TH International has a 12 month low of $1.24 and a 12 month high of $3.25.

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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, TH International currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

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.