Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Stock Has Consensus Target Price of $46.62

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 covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.62.

Several research firms have recently commented on ATAT. Weiss Ratings lowered Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. HSBC initiated coverage on shares of Atour Lifestyle in a research report on Wednesday. They set a “buy” rating and a $39.70 price objective for the company. Finally, Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th.

Institutional Investors Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATAT. B. Metzler seel. Sohn & Co. AG purchased a new stake in Atour Lifestyle in the 2nd quarter valued at about $1,022,000. Wellington Management Group LLP boosted its stake in Atour Lifestyle by 116.8% during the second quarter. Wellington Management Group LLP now owns 348,174 shares of the company’s stock worth $11,072,000 after buying an additional 187,608 shares during the period. AIA Group Ltd increased its position in shares of Atour Lifestyle by 25.6% during the first quarter. AIA Group Ltd now owns 180,407 shares of the company’s stock valued at $6,641,000 after acquiring an additional 36,735 shares during the last quarter. Matthews International Capital Management LLC increased its position in shares of Atour Lifestyle by 33.8% during the first quarter. Matthews International Capital Management LLC now owns 219,378 shares of the company’s stock valued at $8,075,000 after acquiring an additional 55,389 shares during the last quarter. Finally, Temasek Holdings Private Ltd purchased a new stake in shares of Atour Lifestyle in the 1st quarter valued at approximately $2,880,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Trading Down 1.0%

ATAT stock opened at $31.61 on Friday. The firm has a 50-day moving average of $33.72 and a two-hundred day moving average of $34.48. Atour Lifestyle has a 12 month low of $30.77 and a 12 month high of $43.17. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.85 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%.The business had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. As a group, equities analysts forecast that Atour Lifestyle will post 2.13 earnings per share for the current year.

About Atour Lifestyle

Atour Lifestyle Holdings Limited is a hospitality and lifestyle company headquartered in Shanghai, China. Founded in 2013, the company operates a portfolio of hotel brands designed to combine accommodation with localized cultural and lifestyle experiences.

Its hotel offerings include the Atour, Atour S, Atour Light, Atour X and other brand concepts serving different customer preferences and travel occasions. Atour also develops complementary products and services, including bedding, pillows, mattresses and other lifestyle goods sold through its hotels and online retail channels.

Atour primarily serves the Chinese market, with hotels located across major cities and other destinations in mainland China.