Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $38.70 and last traded at $36.85, with a volume of 815717 shares trading hands. The stock had previously closed at $35.10.
The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a net margin of 16.39% and a return on equity of 43.91%. Atour Lifestyle has set its FY 2025 guidance at EPS.
Atour Lifestyle announced that its Board of Directors has approved a share repurchase program on Thursday, May 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Citigroup restated a "buy" rating and issued a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $36.63.
Get Our Latest Stock Report on ATAT
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new stake in shares of Atour Lifestyle during the first quarter worth $27,000. Hollencrest Capital Management acquired a new stake in shares of Atour Lifestyle during the second quarter worth $29,000. Loomis Sayles & Co. L P raised its holdings in shares of Atour Lifestyle by 322.0% during the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company's stock worth $47,000 after purchasing an additional 1,111 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Atour Lifestyle during the first quarter worth $71,000. Finally, Raymond James Financial Inc. bought a new position in shares of Atour Lifestyle during the second quarter worth about $118,000. 17.79% of the stock is owned by institutional investors and hedge funds.
Atour Lifestyle Stock Up 5.0%
The firm's 50-day moving average price is $34.31 and its 200 day moving average price is $30.61. The firm has a market cap of $5.09 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82.
Atour Lifestyle Company Profile
(
Get Free Report)
Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.
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