Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Atour Lifestyle has a “Moderate Buy” consensus rating from nine analysts, with eight buys and one hold. The average 12-month price target is $48, compared with the stock’s reported opening price of $37.
• ATAT’s shares have recently traded between a 1-year low of $30.77 and high of $43.17, with a market capitalization of approximately $5.09 billion and a P/E ratio of 19.89.
• Institutional interest has increased, including significant purchases and holding expansions by WFM ASIA, JPMorgan Chase, Schroder Investment Management, Broad Peak, and Bank of Montreal; institutions and hedge funds collectively own 17.79% of the company.

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $48.00.

Several research firms have recently issued reports on ATAT. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Thursday, August 13th. Zacks Research downgraded Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th.

Atour Lifestyle Price Performance

NASDAQ ATAT opened at $37.00 on Thursday. The business has a 50 day moving average price of $33.18 and a 200 day moving average price of $35.60. The company has a market capitalization of $5.09 billion, a P/E ratio of 19.89, a PEG ratio of 0.97 and a beta of 0.64. Atour Lifestyle has a 1-year low of $30.77 and a 1-year high of $43.17.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors have recently modified their holdings of the company. WFM ASIA BVI Ltd purchased a new position in Atour Lifestyle during the second quarter worth about $99,575,000. JPMorgan Chase & Co. lifted its holdings in shares of Atour Lifestyle by 234.2% during the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company's stock worth $135,073,000 after acquiring an additional 2,402,412 shares during the period. Schroder Investment Management Group boosted its position in shares of Atour Lifestyle by 64.0% in the fourth quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company's stock worth $107,085,000 after acquiring an additional 1,060,966 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new stake in Atour Lifestyle in the fourth quarter valued at approximately $31,756,000. Finally, Bank of Montreal Can acquired a new position in Atour Lifestyle during the fourth quarter worth approximately $28,828,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Company Profile

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.

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.