Atour Lifestyle (NASDAQ:ATAT) Stock Rating Lowered by Wall Street Zen

Atour Lifestyle (NASDAQ:ATAT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also weighed in on the stock. Macquarie Infrastructure raised their target price on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Zacks Research cut Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a report on Tuesday. CLSA started coverage on Atour Lifestyle in a research report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Trading Down 2.9%

ATAT stock opened at $36.88 on Friday. The firm has a 50-day moving average price of $37.61 and a 200-day moving average price of $38.70. Atour Lifestyle has a 12 month low of $21.50 and a 12 month high of $43.17. The stock has a market capitalization of $5.10 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $0.48 earnings per share (EPS) 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 net margin of 16.58% and a return on equity of 46.96%. As a group, equities analysts predict that Atour Lifestyle will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

Several large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle in the fourth quarter valued at $26,000. Hollencrest Capital Management acquired a new stake in Atour Lifestyle in the second quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in Atour Lifestyle by 65.9% during 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 last quarter. Finally, Assetmark Inc. bought a new position in Atour Lifestyle during the 3rd quarter worth $37,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

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.