Atour Lifestyle (NASDAQ:ATAT) Reaches New 52-Week High – Still a Buy?

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.64 and last traded at $41.75, with a volume of 628848 shares changing hands. The stock had previously closed at $39.25.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 target price for the company. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Atour Lifestyle from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 16th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.90.

Atour Lifestyle Stock Performance

The business’s 50-day moving average is $38.27 and its two-hundred day moving average is $34.45. The stock has a market capitalization of $5.65 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $344.49 million for the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%. Atour Lifestyle has set its FY 2025 guidance at EPS. Equities analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Atour Lifestyle by 1,544.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company’s stock valued at $195,206,000 after purchasing an additional 6,466,787 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its position in shares of Atour Lifestyle by 986.9% in the 3rd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock worth $86,086,000 after buying an additional 2,079,436 shares in the last quarter. SG Americas Securities LLC grew its stake in Atour Lifestyle by 11,289.7% in the 2nd quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock valued at $45,211,000 after acquiring an additional 1,378,476 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. purchased a new position in Atour Lifestyle during the 2nd quarter valued at about $29,259,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Atour Lifestyle by 173.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock worth $44,916,000 after acquiring an additional 877,153 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

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.