Atour Lifestyle (NASDAQ:ATAT) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Atour Lifestyle (NASDAQ:ATAT) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other brokerages also recently commented on ATAT. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Morgan Stanley reissued an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $48.00.

Atour Lifestyle Trading Down 3.5%

Shares of ATAT opened at $34.03 on Wednesday. The company has a market capitalization of $4.70 billion, a PE ratio of 18.30, a PEG ratio of 0.86 and a beta of 0.62. Atour Lifestyle has a 12 month low of $29.81 and a 12 month high of $43.17. The stock’s 50-day moving average price is $36.68 and its two-hundred day moving average price is $38.05.

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

Atour Lifestyle Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a dividend yield of 159.0%. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio (DPR) is presently 17.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oddo BHF Asset Management Sas acquired a new position in shares of Atour Lifestyle in the 1st quarter valued at about $398,000. Lazard Asset Management LLC increased its position in Atour Lifestyle by 3.6% in the 1st quarter. Lazard Asset Management LLC now owns 434,608 shares of the company’s stock valued at $15,998,000 after buying an additional 15,214 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Atour Lifestyle in the 1st quarter valued at about $10,171,000. CI Investments Inc. bought a new stake in Atour Lifestyle in the 1st quarter valued at about $14,028,000. Finally, Temasek Holdings Private Ltd bought a new stake in Atour Lifestyle in the 1st quarter valued at about $2,880,000. 17.79% of the stock is owned by institutional investors and hedge funds.

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.