Atour Lifestyle (NASDAQ:ATAT) Sets New 52-Week Low – Here’s Why

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) reached a new 52-week low on Wednesday . The stock traded as low as $31.04 and last traded at $31.8080, with a volume of 693075 shares. The stock had previously closed at $32.21.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ATAT shares. Morgan Stanley reissued an “overweight” rating and set a $45.00 target price on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Finally, Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $48.00.

Atour Lifestyle Stock Performance

The firm has a market capitalization of $4.42 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.78 and a beta of 0.65. The firm has a 50 day moving average price of $34.47 and a two-hundred day moving average price of $36.74.

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

Atour Lifestyle Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a dividend of $0.54 per share. This represents a yield of 162.0%. The ex-dividend date was Friday, June 5th. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio is presently 27.42%.

Institutional Inflows and Outflows

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