Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) – What Are Analysts Saying About This Stock?

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $46.62.

ATAT has been the subject of several analyst reports. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. HSBC assumed coverage on shares of Atour Lifestyle in a report on Wednesday, October 7th. They set a “buy” rating and a $39.70 price target for the company. Weiss Ratings raised shares of Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th.

Atour Lifestyle Trading Up 2.7%

Shares of ATAT stock opened at $33.51 on Friday. The company’s 50-day moving average price is $33.53 and its 200-day moving average price is $34.38. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.87 and a beta of 0.66. Atour Lifestyle has a twelve month low of $30.77 and a twelve month high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data 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 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 analysts’ expectations of $484.56 million. As a group, equities research analysts predict that Atour Lifestyle will post 2.13 EPS for the current year.

Institutional Investors Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WFM ASIA BVI Ltd purchased a new stake in Atour Lifestyle in the second quarter valued at $99,575,000. BRIGHT VALLEY CAPITAL Ltd lifted its stake in shares of Atour Lifestyle by 211.2% in the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 597,500 shares of the company’s stock valued at $23,542,000 after purchasing an additional 405,500 shares during the last quarter. CI Investments Inc. purchased a new position in shares of Atour Lifestyle during the 1st quarter worth $14,028,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Atour Lifestyle during the 1st quarter worth $10,171,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Atour Lifestyle during the 4th quarter worth $7,430,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

About Atour Lifestyle

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.