Atour Lifestyle (NASDAQ:ATAT) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Atour Lifestyle from “Buy” to “Hold,” following similar rating cuts from Zacks Research and Weiss Ratings. Despite the downgrades, analysts maintain a “Moderate Buy” consensus with an average price target of $48.00.
• Atour shares opened at $34.36, with a market capitalization of approximately $4.72 billion and a 12-month trading range of $30.77 to $43.17.
• The company exceeded quarterly expectations, reporting $0.59 in earnings per share versus the $0.57 consensus and revenue of $513.74 million versus estimates of $484.56 million. Institutional investors own 17.79% of the stock.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other analysts also recently commented on ATAT. Zacks Research downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Atour Lifestyle presently has an average rating of "Moderate Buy" and an average price target of $48.00.

Atour Lifestyle Stock Down 0.8%

Shares of NASDAQ:ATAT opened at $34.36 on Friday. The business's 50 day moving average is $33.68 and its 200 day moving average is $35.38. Atour Lifestyle has a 12-month low of $30.77 and a 12-month high of $43.17. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.94 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. As a group, equities research analysts expect that Atour Lifestyle will post 2.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in Atour Lifestyle by 651.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company's stock valued at $25,000 after purchasing an additional 580 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Atour Lifestyle during the 4th quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company's stock worth $32,000 after buying an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Atour Lifestyle in the 4th quarter worth about $37,000. Finally, Hollencrest Capital Management bought a new position in Atour Lifestyle during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

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.

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