Atour Lifestyle (NASDAQ:ATAT) Stock Rating Upgraded by Wall Street Zen

Atour Lifestyle (NASDAQ:ATAT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on ATAT. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atour Lifestyle currently has an average rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Price Performance

ATAT stock opened at $32.46 on Friday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.88 and a beta of 0.63. The company has a 50-day moving average of $33.77 and a two-hundred day moving average of $35.09. Atour Lifestyle has a 52-week low of $30.77 and a 52-week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%.The business had revenue of $513.74 million during the quarter, compared to analysts’ expectations of $484.56 million. Equities analysts expect that Atour Lifestyle will post 2.09 EPS for the current fiscal year.

Institutional Trading of Atour Lifestyle

A number of hedge funds have recently modified their holdings of ATAT. Rockefeller Capital Management L.P. acquired a new position in Atour Lifestyle during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC boosted its stake in shares of Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $32,000 after purchasing an additional 325 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $46,000. AdvisorShares Investments LLC bought a new stake in shares of Atour Lifestyle in the 4th quarter worth about $113,000. Finally, Nykredit A S bought a new stake in shares of Atour Lifestyle in the 2nd quarter worth about $112,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour’s portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.