Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $48.00.

ATAT has been the topic of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Wall Street Zen lowered shares of Atour Lifestyle from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a report on Tuesday, March 17th.

Hedge Funds Weigh In On Atour Lifestyle

A number of large investors have recently made changes to their positions in ATAT. Caitong International Asset Management Co. Ltd grew its position in shares of Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after purchasing an additional 580 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Atour Lifestyle during the 4th quarter worth about $26,000. Hollencrest Capital Management bought a new position in Atour Lifestyle in the 2nd quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after purchasing an additional 325 shares during the period. Finally, Assetmark Inc. purchased a new position in Atour Lifestyle during the 3rd quarter valued at about $37,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Price Performance

NASDAQ:ATAT opened at $36.88 on Monday. The company has a market capitalization of $5.10 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.12 and a beta of 0.76. The business has a fifty day simple moving average of $37.61 and a two-hundred day simple moving average of $38.70. Atour Lifestyle has a 1 year low of $21.50 and a 1 year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $398.47 million for the quarter, compared to analysts’ expectations of $397.20 million. Atour Lifestyle had a return on equity of 46.96% and a net margin of 16.58%. As a group, analysts anticipate that Atour Lifestyle will post 1.24 earnings per share for the current year.

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.