Zacks Research Upgrades Atour Lifestyle (NASDAQ:ATAT) to Strong-Buy

Atour Lifestyle (NASDAQ:ATAT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently commented on ATAT. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Atour Lifestyle in a research report on Tuesday, March 17th. UBS Group reaffirmed a “buy” rating 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, May 18th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $48.00.

Atour Lifestyle Trading Down 3.5%

Shares of Atour Lifestyle stock opened at $34.03 on Wednesday. The company’s fifty day simple moving average is $36.68 and its 200-day simple moving average is $38.05. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.86 and a beta of 0.62. Atour Lifestyle has a 1 year low of $29.81 and a 1 year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The business had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. As a group, research analysts forecast that Atour Lifestyle will post 2.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. bought a new position in shares of Atour Lifestyle during the fourth quarter valued at $6,973,000. Prudential PLC lifted its holdings in shares of Atour Lifestyle by 15.9% during the third quarter. Prudential PLC now owns 822,347 shares of the company’s stock valued at $30,912,000 after acquiring an additional 112,751 shares during the period. AIA Group Ltd lifted its holdings in shares of Atour Lifestyle by 822.9% during the third quarter. AIA Group Ltd now owns 99,863 shares of the company’s stock valued at $3,754,000 after acquiring an additional 89,043 shares during the period. Headwater Capital Co Ltd bought a new position in shares of Atour Lifestyle during the third quarter valued at $6,766,000. Finally, Aberdeen Group plc lifted its holdings in shares of Atour Lifestyle by 22.7% during the third quarter. Aberdeen Group plc now owns 908,024 shares of the company’s stock valued at $33,937,000 after acquiring an additional 167,730 shares during the period. 17.79% of the stock is owned by institutional investors.

About Atour Lifestyle

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.