Atour Lifestyle (NASDAQ:ATAT) Coverage Initiated by Analysts at Macquarie

Macquarie began coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research report sent to investors on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $26.00 price target on the stock.

Separately, Bank of America dropped their price objective on Atour Lifestyle from $25.00 to $23.70 and set a buy rating for the company in a report on Monday, April 1st.

Atour Lifestyle Stock Up 1.5 %

ATAT stock opened at $17.50 on Monday. The company has a market cap of $2.41 billion, a P/E ratio of 24.31, a PEG ratio of 0.46 and a beta of 0.61. Atour Lifestyle has a twelve month low of $14.80 and a twelve month high of $23.31. The business has a fifty day moving average of $18.70 and a 200-day moving average of $18.18.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Thursday, March 28th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $212.01 million during the quarter, compared to the consensus estimate of $177.28 million. Atour Lifestyle had a return on equity of 42.81% and a net margin of 15.66%. As a group, equities research analysts anticipate that Atour Lifestyle will post 1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in Atour Lifestyle during the 4th quarter worth $25,000. Castleview Partners LLC bought a new stake in shares of Atour Lifestyle in the third quarter worth about $39,000. New York State Common Retirement Fund acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth about $42,000. DekaBank Deutsche Girozentrale bought a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $63,000. Finally, Advisors Preferred LLC bought a new position in shares of Atour Lifestyle during the 4th quarter valued at about $66,000. Institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.