Atour Lifestyle (NASDAQ:ATAT) Upgraded at HSBC

HSBC upgraded shares of Atour Lifestyle (NASDAQ:ATAT) to a strong-buy rating in a report issued on Wednesday morning,Zacks reports.

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

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT opened at $33.07 on Wednesday. Atour Lifestyle has a 52-week low of $30.77 and a 52-week high of $43.17. The business has a fifty day moving average of $33.69 and a two-hundred day moving average of $34.47. The stock has a market cap of $4.55 billion, a PE ratio of 16.29, a PEG ratio of 0.84 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT) last posted its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share 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 business had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Analysts predict that Atour Lifestyle will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently modified their holdings of ATAT. Farther Finance Advisors LLC grew its position in Atour Lifestyle by 1,309.4% in the third quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company’s stock valued at $59,000 after acquiring an additional 1,676 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Atour Lifestyle by 19.6% in the second quarter. Engineers Gate Manager LP now owns 23,302 shares of the company’s stock worth $741,000 after acquiring an additional 3,816 shares during the last quarter. Nykredit A S acquired a new stake in shares of Atour Lifestyle in the 2nd quarter valued at approximately $112,000. TD Waterhouse Canada Inc. boosted its stake in shares of Atour Lifestyle by 5.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,882 shares of the company’s stock valued at $653,000 after purchasing an additional 1,021 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Atour Lifestyle during the 2nd quarter valued at approximately $1,022,000. Institutional investors 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.