Brokerages Set Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Price Target at $45.30

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $45.30.

ATAT has been the topic of a number of analyst reports. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. began coverage on Atour Lifestyle in a report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price objective for the company. CLSA initiated coverage on Atour Lifestyle in a research note on Friday, January 2nd. They issued an “outperform” rating and a $49.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group started coverage on Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price target for the company.

Atour Lifestyle Trading Down 5.5%

Shares of NASDAQ ATAT opened at $39.64 on Wednesday. Atour Lifestyle has a 1 year low of $21.50 and a 1 year high of $43.17. The firm’s 50-day moving average is $40.35 and its 200-day moving average is $37.81. The firm has a market capitalization of $5.48 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 0.87 and a beta of 0.80.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. The business had revenue of $368.95 million for the quarter, compared to analyst estimates of $340.27 million. As a group, equities research analysts anticipate that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Cuts Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were issued a $0.36 dividend. The ex-dividend date was Friday, December 5th. This represents a yield of 84.0%. Atour Lifestyle’s dividend payout ratio (DPR) is 22.45%.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in Atour Lifestyle by 651.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Atour Lifestyle in the 2nd quarter valued at $29,000. Assetmark Inc. bought a new stake in Atour Lifestyle during the 3rd quarter worth about $37,000. Loomis Sayles & Co. L P boosted its stake in shares of Atour Lifestyle by 322.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after buying an additional 1,111 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in shares of Atour Lifestyle during the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.