Deutsche Bank AG Takes $235,000 Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Deutsche Bank AG purchased a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,730 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also modified their holdings of ATAT. Norges Bank purchased a new position in Atour Lifestyle in the fourth quarter valued at about $36,489,000. William Blair Investment Management LLC purchased a new position in Atour Lifestyle in the fourth quarter valued at about $24,433,000. 3G Capital Partners LP grew its stake in Atour Lifestyle by 263.6% in the fourth quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company’s stock valued at $26,890,000 after purchasing an additional 725,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Atour Lifestyle by 166.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 862,822 shares of the company’s stock valued at $23,201,000 after purchasing an additional 538,832 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Atour Lifestyle by 56.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company’s stock valued at $32,765,000 after purchasing an additional 441,200 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $31.44 on Monday. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $34.23. The stock has a market capitalization of $4.34 billion, a PE ratio of 27.10, a P/E/G ratio of 0.59 and a beta of 0.59. The stock has a 50-day simple moving average of $26.98 and a 200 day simple moving average of $27.56.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The business had revenue of $285.58 million during the quarter, compared to analysts’ expectations of $275.49 million. As a group, equities research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a $0.42 dividend. This is a boost from Atour Lifestyle’s previous annual dividend of $0.40. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.3%. Atour Lifestyle’s dividend payout ratio is 30.95%.

Atour Lifestyle declared that its board has approved a stock repurchase plan on Thursday, May 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

ATAT has been the topic of a number of recent research reports. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a “buy” rating in a research note on Thursday, March 6th. Wall Street Zen downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Friday. Citigroup restated a “buy” rating and issued a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Finally, Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.63.

About Atour Lifestyle

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.