Atour Lifestyle (NASDAQ:ATAT) Upgraded at Zacks Research

Zacks Research upgraded shares of Atour Lifestyle (NASDAQ:ATAT) from a strong sell rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group began coverage on Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 price objective on the stock. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.90.

Atour Lifestyle Price Performance

ATAT opened at $37.31 on Thursday. The company has a market capitalization of $5.16 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.21 and a beta of 0.79. The firm’s fifty day moving average price is $37.30 and its two-hundred day moving average price is $32.77. Atour Lifestyle has a fifty-two week low of $21.50 and a fifty-two week high of $40.39.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. The company had revenue of $344.49 million during the quarter, compared to analysts’ expectations of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Atour Lifestyle will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Atour Lifestyle

A number of large investors have recently bought and sold shares of the business. GAM Holding AG increased its holdings in Atour Lifestyle by 9.5% during the 1st quarter. GAM Holding AG now owns 92,000 shares of the company’s stock valued at $2,608,000 after purchasing an additional 8,000 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Atour Lifestyle during the first quarter worth $1,030,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Atour Lifestyle in the first quarter valued at $209,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Atour Lifestyle by 3,189.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company’s stock valued at $73,227,000 after buying an additional 2,504,461 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Atour Lifestyle in the first quarter valued at about $809,000. 17.79% of the stock is currently owned by 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.