Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) – What Are Analysts Saying About This Stock?

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $46.62.

ATAT has been the topic of several recent research reports. Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. HSBC started coverage on shares of Atour Lifestyle in a research report on Wednesday, October 7th. They issued a “buy” rating and a $39.70 price target for the company. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Finally, Weiss Ratings raised Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th.

Atour Lifestyle Stock Performance

NASDAQ:ATAT opened at $35.73 on Tuesday. Atour Lifestyle has a 52 week low of $30.07 and a 52 week high of $43.17. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.98 and a beta of 0.66. The firm’s 50-day simple moving average is $33.01 and its 200 day simple moving average is $34.99.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Tuesday, November 10th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. Sell-side analysts anticipate that Atour Lifestyle will post 2.16 EPS for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATAT. Rockefeller Capital Management L.P. acquired a new stake in shares of Atour Lifestyle during the 4th quarter worth $26,000. Fortitude Family Office LLC acquired a new position in Atour Lifestyle in the third quarter valued at about $26,000. Hollencrest Capital Management acquired a new position in Atour Lifestyle in the first quarter valued at about $46,000. Parallel Advisors LLC lifted its position in Atour Lifestyle by 4,087.8% during the third quarter. Parallel Advisors LLC now owns 1,717 shares of the company’s stock worth $56,000 after purchasing an additional 1,676 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Atour Lifestyle by 1,309.4% during the third quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company’s stock worth $59,000 after purchasing an additional 1,676 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a China-based hospitality company that operates a network of hotels under brands including Atour, Atour S and Atour Light. Its hotels emphasize comfortable accommodations, service and design inspired by local culture.

The company primarily expands through hotel management and franchise arrangements, working with property owners and operators rather than relying solely on hotels it owns. Its services include hotel operations, reservations and guest experiences.

Atour also sells lifestyle products, including bedding and other sleep-related goods, through its retail business.