Atour Lifestyle (NASDAQ:ATAT) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Atour Lifestyle from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy,” with seven Buy ratings and two Holds and an average price target of $48.
• Atour reported quarterly EPS of $0.59, exceeding the $0.57 consensus estimate, while revenue of $513.74 million also topped expectations of $484.56 million.
• ATAT opened at $32.41, with a $4.46 billion market capitalization and a 52-week trading range of $30.77 to $43.17; institutional investors own 17.79% of the company.

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

ATAT has been the topic of a number of other reports. Weiss Ratings downgraded shares of Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. Zacks Research downgraded Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.00.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $32.41 on Friday. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.88 and a beta of 0.63. The company has a 50 day simple moving average of $33.77 and a 200-day simple moving average of $35.17. Atour Lifestyle has a 52-week low of $30.77 and a 52-week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The firm had revenue of $513.74 million for the quarter, compared to the consensus estimate of $484.56 million. On average, analysts predict that Atour Lifestyle will post 2.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATAT. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Atour Lifestyle in the second quarter worth about $1,022,000. AIA Group Ltd increased its holdings in shares of Atour Lifestyle by 25.6% during the 1st quarter. AIA Group Ltd now owns 180,407 shares of the company's stock valued at $6,641,000 after acquiring an additional 36,735 shares during the last quarter. Temasek Holdings Private Ltd bought a new position in shares of Atour Lifestyle in the 1st quarter valued at approximately $2,880,000. Matthews International Capital Management LLC lifted its holdings in Atour Lifestyle by 33.8% in the 1st quarter. Matthews International Capital Management LLC now owns 219,378 shares of the company's stock worth $8,075,000 after purchasing an additional 55,389 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in Atour Lifestyle during the first quarter worth approximately $14,028,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour's portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.

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