Wall Street Zen Upgrades Atour Lifestyle (NASDAQ:ATAT) to Strong-Buy

Atour Lifestyle (NASDAQ:ATAT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Other equities analysts also recently issued reports about the company. Bank of America raised their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a “buy” rating in a report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $36.63.

Atour Lifestyle Stock Performance

NASDAQ:ATAT opened at $32.47 on Thursday. The stock has a 50-day simple moving average of $26.83 and a 200-day simple moving average of $27.37. The stock has a market cap of $4.49 billion, a P/E ratio of 27.99, a P/E/G ratio of 0.59 and a beta of 0.59. Atour Lifestyle has a 1 year low of $15.22 and a 1 year high of $34.23.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities research analysts predict that Atour Lifestyle will post 1.24 EPS for the current year.

Atour Lifestyle announced that its Board of Directors has initiated a share buyback program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Atour Lifestyle

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in Atour Lifestyle in the fourth quarter valued at about $1,344,000. JPMorgan Chase & Co. increased its holdings in Atour Lifestyle by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock valued at $38,012,000 after buying an additional 402,974 shares during the last quarter. Prudential Financial Inc. bought a new stake in Atour Lifestyle in the fourth quarter valued at about $1,718,000. Arrowstreet Capital Limited Partnership increased its holdings in Atour Lifestyle by 1,250.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company’s stock valued at $11,962,000 after buying an additional 411,893 shares during the last quarter. Finally, Norges Bank acquired a new position in Atour Lifestyle in the fourth quarter valued at approximately $36,489,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.