Atour Lifestyle (NASDAQ:ATAT) Shares Down 4.8% – Should You Sell?

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) shares fell 4.8% on Friday . The company traded as low as $33.90 and last traded at $34.0550. 793,883 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,169,969 shares. The stock had previously closed at $35.79.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Morgan Stanley reissued an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Finally, Weiss Ratings cut Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.00.

Atour Lifestyle Price Performance

The company has a market cap of $4.71 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.72. The stock has a 50-day moving average price of $37.06 and a 200 day moving average price of $38.46.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The company had revenue of $407.74 million for the quarter, compared to analyst estimates of $379.74 million. Sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.07 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a yield of 140.0%. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s payout ratio is presently 27.42%.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATAT. Van Berkom & Associates Inc. raised its holdings in shares of Atour Lifestyle by 0.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 70,343 shares of the company’s stock worth $2,589,000 after buying an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Atour Lifestyle by 65.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after buying an additional 325 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Atour Lifestyle by 3.7% during the 3rd quarter. New York State Common Retirement Fund now owns 14,100 shares of the company’s stock worth $530,000 after buying an additional 500 shares in the last quarter. Royal Bank of Canada increased its holdings in Atour Lifestyle by 7.3% in the 4th quarter. Royal Bank of Canada now owns 7,469 shares of the company’s stock worth $294,000 after purchasing an additional 511 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Atour Lifestyle by 3.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 18,084 shares of the company’s stock worth $659,000 after purchasing an additional 555 shares in the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

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.