Atour Lifestyle (NASDAQ:ATAT) Trading Up 7.3% – Should You Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s stock price was up 7.3% during trading on Monday . The company traded as high as $24.76 and last traded at $23.84. Approximately 642,471 shares were traded during trading, a decline of 46% from the average daily volume of 1,178,915 shares. The stock had previously closed at $22.21.

Wall Street Analyst Weigh In

Several research firms have issued reports on ATAT. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a “buy” rating in a report on Thursday, March 6th. Bank of America upped their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research report on Friday, March 14th.

Atour Lifestyle Stock Up 6.7 %

The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 0.59 and a beta of 0.51. The company’s 50 day moving average price is $28.82 and its 200 day moving average price is $27.45.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Hedge Funds Weigh In On Atour Lifestyle

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP purchased a new position in Atour Lifestyle during the third quarter valued at approximately $1,251,000. Sanctuary Advisors LLC acquired a new position in shares of Atour Lifestyle in the 4th quarter valued at $1,344,000. JPMorgan Chase & Co. lifted its stake in shares of Atour Lifestyle by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock valued at $38,012,000 after purchasing an additional 402,974 shares during the period. Prudential Financial Inc. acquired a new stake in Atour Lifestyle during the fourth quarter valued at $1,718,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Atour Lifestyle by 1,250.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company’s stock valued at $11,962,000 after buying an additional 411,893 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.