Wall Street Zen Upgrades Atour Lifestyle (NASDAQ:ATAT) to “Buy”

Atour Lifestyle (NASDAQ:ATAT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other equities research analysts also recently weighed in on ATAT. Morgan Stanley reissued an “overweight” rating and issued a $45.00 target price on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. CLSA started coverage on shares of Atour Lifestyle in a research note on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price objective for the company. Finally, Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Atour Lifestyle currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Atour Lifestyle Trading Down 3.1%

Shares of ATAT opened at $34.92 on Friday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.05 and a beta of 0.76. The business’s fifty day simple moving average is $37.38 and its two-hundred day simple moving average is $38.58. Atour Lifestyle has a 12 month low of $21.50 and a 12 month high of $43.17.

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

Institutional Trading of Atour Lifestyle

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Atour Lifestyle by 234.2% in the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock worth $135,073,000 after buying an additional 2,402,412 shares during the period. Greenwoods Asset Management Hong Kong Ltd. boosted its position in Atour Lifestyle by 986.9% in the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock valued at $86,086,000 after buying an additional 2,079,436 shares during the period. WFM ASIA BVI Ltd grew its stake in Atour Lifestyle by 184.4% in the 4th quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock worth $124,324,000 after acquiring an additional 2,045,832 shares in the last quarter. Schroder Investment Management Group grew its stake in Atour Lifestyle by 64.0% in the 4th quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company’s stock worth $107,085,000 after acquiring an additional 1,060,966 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Atour Lifestyle during the second quarter worth approximately $27,627,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.