Chagee Holdings Limited - Sponsored ADR's Lock-Up Period To Expire on October 14th (NASDAQ:CHA)

Chagee's (NASDAQ:CHA - Get Free Report) lock-up period is set to expire on Tuesday, October 14th. Chagee had issued 14,683,991 shares in its IPO on April 17th. The total size of the offering was $411,151,748 based on an initial share price of $28.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.Wall Street Analysts Forecast GrowthSeveral analysts have recently issued reports on CHA shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Chagee in a research report on Thursday, June 19th. They set a "buy" rating and a $40.50 target price on the stock. Macquarie began coverage on Chagee in a research note on Friday, September 5th. They issued a "neutral" rating and a $19.00 price objective for the company. Weiss Ratings restated a "sell (d)" rating on shares of Chagee in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of Chagee from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.44.Get Our Latest Stock Analysis on CHAChagee Trading Down 1.6%NASDAQ CHA opened at $16.74 on Tuesday. Chagee has a 12 month low of $16.17 and a 12 month high of $41.80. The business has a 50-day moving average of $19.55. Chagee (NASDAQ:CHA - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The business had revenue of $465.11 million for the quarter, compared to analyst estimates of $484.14 million. Institutional Trading of ChageeInstitutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Chagee in the second quarter worth about $13,764,000. Barings LLC purchased a new stake in shares of Chagee in the 2nd quarter worth approximately $11,302,000. Allianz Asset Management GmbH purchased a new stake in shares of Chagee in the 2nd quarter worth approximately $11,034,000. Norges Bank bought a new position in shares of Chagee during the second quarter valued at approximately $5,050,000. Finally, MY.Alpha Management HK Advisors Ltd purchased a new position in Chagee during the second quarter valued at approximately $4,632,000. About Chagee (Get Free Report)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.See AlsoFive stocks we like better than Chagee3 Dividend Kings To ConsiderEli Lilly Stock Soars on Trump Tariff Hopes and Pfizer DealHow Investors Can Find the Best Cheap Dividend Stocks3 Exceptional Stocks to Build Long-Term WealthBest Stocks Under $10.00 Insider Sales Jump at Broadcom and CoreWeave: Red Flag Ahead?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Chagee Right Now?Before you consider Chagee, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chagee wasn't on the list.While Chagee currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here