Atour Lifestyle (NASDAQ:ATAT) Trading 5.5% Higher – Still a Buy?

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s share price was up 5.5% during mid-day trading on Monday . The company traded as high as $40.64 and last traded at $40.4790. Approximately 1,056,065 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 1,307,959 shares. The stock had previously closed at $38.37.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ATAT shares. Citigroup upped their price objective on shares of Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, October 8th. Jefferies Financial Group started coverage on Atour Lifestyle in a research note on Monday, September 29th. They set a “buy” rating and a $48.00 target price on the stock. Finally, Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $43.21.

Atour Lifestyle Trading Up 0.5%

The company has a market cap of $5.93 billion, a PE ratio of 29.18, a PEG ratio of 1.10 and a beta of 0.80. The stock has a 50 day moving average price of $38.07 and a 200 day moving average price of $35.92.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%.The business had revenue of $368.95 million during the quarter, compared to the consensus estimate of $340.27 million. Equities analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, December 5th. This represents a yield of 97.0%. Atour Lifestyle’s payout ratio is presently 26.53%.

Institutional Trading of Atour Lifestyle

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after buying an additional 580 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Atour Lifestyle in the 1st quarter worth approximately $27,000. Hollencrest Capital Management bought a new position in Atour Lifestyle in the 2nd quarter valued at approximately $29,000. Assetmark Inc. purchased a new stake in Atour Lifestyle during the 3rd quarter valued at $37,000. Finally, Loomis Sayles & Co. L P boosted its stake in Atour Lifestyle by 322.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock valued at $47,000 after purchasing an additional 1,111 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

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.