Atour Lifestyle (NASDAQ:ATAT) Now Covered by CLSA

CLSA started coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $49.00 price objective on the stock.

ATAT has been the subject of several other reports. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Macquarie raised their price target on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. started coverage on shares of Atour Lifestyle in a research report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group began coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.30.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $39.87 on Friday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.80. Atour Lifestyle has a one year low of $21.50 and a one year high of $43.17. The company has a 50 day moving average price of $40.07 and a 200 day moving average price of $37.46.

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

Atour Lifestyle Cuts Dividend

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

Institutional Investors Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Atour Lifestyle by 135.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 806,445 shares of the company’s stock valued at $26,218,000 after purchasing an additional 463,656 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in Atour Lifestyle during the second quarter valued at approximately $3,601,000. Hel Ved Capital Management Ltd bought a new position in Atour Lifestyle during the 2nd quarter worth approximately $2,724,000. Freemont Capital Pte Ltd acquired a new position in shares of Atour Lifestyle in the 2nd quarter worth approximately $910,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Atour Lifestyle in the 2nd quarter valued at approximately $5,945,000. Hedge funds and other 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.