Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $48.00.

Several research firms have commented on ATAT. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report 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. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th.

Institutional Investors Weigh In On Atour Lifestyle

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. Rockefeller Capital Management L.P. bought a new position in shares of Atour Lifestyle in the 4th quarter valued at $26,000. 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. Hollencrest Capital Management bought a new stake in shares of Atour Lifestyle during the 1st quarter worth $46,000. Nykredit A S bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth $112,000. Finally, AdvisorShares Investments LLC acquired a new stake in Atour Lifestyle in the fourth quarter valued at about $113,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Trading Down 0.1%

Shares of ATAT stock opened at $32.11 on Monday. The stock has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $34.87. The stock has a market cap of $4.41 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 0.87 and a beta of 0.63. Atour Lifestyle has a 1 year low of $30.77 and a 1 year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) 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 company had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Analysts forecast that Atour Lifestyle will post 2.09 EPS for the current year.

About Atour Lifestyle

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.