Atour Lifestyle (NASDAQ:ATAT) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Atour Lifestyle (NASDAQ:ATAT) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Citigroup lifted their price target on shares of Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Macquarie raised their price target on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Jefferies Financial Group started coverage on Atour Lifestyle in a research report on Monday, September 29th. They issued a “buy” rating and a $48.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle currently has an average rating of “Moderate Buy” and an average target price of $44.68.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $41.80 on Wednesday. Atour Lifestyle has a 52-week low of $21.50 and a 52-week high of $43.17. The firm has a market capitalization of $5.78 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. The company’s fifty day moving average price is $39.39 and its two-hundred day moving average price is $36.80.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%.The company had revenue of $368.95 million during the quarter, compared to analyst estimates of $340.27 million. Analysts predict that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a yield of 84.0%. Atour Lifestyle’s dividend payout ratio is presently 22.45%.

Institutional Investors Weigh In On Atour Lifestyle

Several hedge funds have recently bought and sold shares of the business. AIA Group Ltd increased its position in Atour Lifestyle by 822.9% during the 3rd quarter. AIA Group Ltd now owns 99,863 shares of the company’s stock valued at $3,754,000 after purchasing an additional 89,043 shares during the period. Hudson Bay Capital Management LP purchased a new position in Atour Lifestyle in the 3rd quarter worth $398,000. Caitong International Asset Management Co. Ltd increased its holdings in Atour Lifestyle by 651.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after buying an additional 580 shares during the period. PharVision Advisers LLC acquired a new position in Atour Lifestyle during the third quarter valued at $403,000. Finally, XTX Topco Ltd purchased a new stake in shares of Atour Lifestyle in the third quarter worth about $670,000. Institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.