Atour Lifestyle (NASDAQ:ATAT) Coverage Initiated by Analysts at HSBC

Equities researchers at HSBC began coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note issued on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $39.70 price target on the stock. HSBC’s price objective suggests a potential upside of 20.05% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Finally, Weiss Ratings raised shares of Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $46.62.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $33.07 on Wednesday. The firm’s 50 day moving average price is $33.69 and its two-hundred day moving average price is $34.46. Atour Lifestyle has a 1 year low of $30.77 and a 1 year high of $43.17. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The firm had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. As a group, equities analysts predict that Atour Lifestyle will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. boosted its stake 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 valued at $2,589,000 after buying an additional 300 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Atour Lifestyle during the 4th quarter valued at $26,000. Candriam S.C.A. boosted its stake in shares of Atour Lifestyle by 2.8% during the 1st quarter. Candriam S.C.A. now owns 29,100 shares of the company’s stock valued at $1,071,000 after buying an additional 800 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Atour Lifestyle by 5.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,882 shares of the company’s stock valued at $653,000 after buying an additional 1,021 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of Atour Lifestyle during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality and lifestyle company headquartered in Shanghai, China. Founded in 2013, the company operates a portfolio of hotel brands designed to combine accommodation with localized cultural and lifestyle experiences.

Its hotel offerings include the Atour, Atour S, Atour Light, Atour X and other brand concepts serving different customer preferences and travel occasions. Atour also develops complementary products and services, including bedding, pillows, mattresses and other lifestyle goods sold through its hotels and online retail channels.

Atour primarily serves the Chinese market, with hotels located across major cities and other destinations in mainland China.