Atour Lifestyle (NASDAQ:ATAT) Stock Lifted to Strong-Buy by HSBC

Key Points

• HSBC upgraded Atour Lifestyle to “strong buy,” joining a consensus “Buy” rating with one Strong Buy, seven Buy, and one Hold recommendation. Analysts’ consensus price target is $46.62.
• Atour’s latest quarterly results exceeded expectations, with EPS of $0.59 versus $0.57 expected and revenue of $513.74 million versus $484.56 million projected.
• Shares opened at $33.07, while the company reported a $4.55 billion market capitalization, 16.29 P/E ratio, 55% return on equity, and 16.75% net margin; institutional investors own 17.79% of the stock.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) was upgraded by equities research analysts at HSBC to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, Zacks reports.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Sunday, September 13th. Finally, Weiss Ratings raised shares of Atour Lifestyle from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $46.62.

Atour Lifestyle Stock Up 4.6%

ATAT stock opened at $33.07 on Wednesday. The stock's 50 day moving average is $33.69 and its two-hundred day moving average is $34.47. Atour Lifestyle has a 52-week low of $30.77 and a 52-week high of $43.17. The company has a market capitalization of $4.55 billion, a PE ratio of 16.29, a P/E/G ratio of 0.84 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $513.74 million during the quarter, compared to analysts' expectations of $484.56 million. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. As a group, sell-side analysts anticipate that Atour Lifestyle will post 2.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ATAT. Rockefeller Capital Management L.P. bought a new stake in Atour Lifestyle in the 4th quarter valued at about $26,000. Hollencrest Capital Management bought a new position in Atour Lifestyle in the 1st quarter worth about $46,000. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 1,676 shares during the period. Nykredit A S acquired a new stake in shares of Atour Lifestyle in the second quarter valued at approximately $112,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Atour Lifestyle during the first quarter valued at approximately $269,000. 17.79% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.