Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $48.00.

ATAT has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Finally, Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $32.11 on Monday. Atour Lifestyle has a fifty-two week low of $30.77 and a fifty-two week high of $43.17. The firm has a 50-day simple moving average of $33.77 and a 200-day simple moving average of $34.90. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 0.87 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $513.74 million during the quarter, compared to the consensus estimate of $484.56 million. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. Equities research analysts forecast that Atour Lifestyle will post 2.09 EPS for the current year.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently modified their holdings of ATAT. Engineers Gate Manager LP boosted its position in Atour Lifestyle by 19.6% during the second quarter. Engineers Gate Manager LP now owns 23,302 shares of the company’s stock worth $741,000 after acquiring an additional 3,816 shares during the last quarter. Nykredit A S purchased a new position in Atour Lifestyle during the second quarter worth about $112,000. TD Waterhouse Canada Inc. boosted its stake in Atour Lifestyle by 5.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,882 shares of the company’s stock worth $653,000 after buying an additional 1,021 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Atour Lifestyle during the 2nd quarter valued at about $1,022,000. Finally, Headlands Technologies LLC increased its stake in shares of Atour Lifestyle by 80.8% during the 2nd quarter. Headlands Technologies LLC now owns 21,345 shares of the company’s stock valued at $679,000 after acquiring an additional 9,541 shares during the last quarter. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour’s portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.