Atour Lifestyle (NASDAQ:ATAT) Raised to Hold at Zacks Research

Key Points

• Atour Lifestyle has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a shift in analyst sentiment towards the stock.
• Several analysts, including Jefferies Financial Group and Wall Street Zen, have recently issued buy ratings for Atour Lifestyle, contributing to a consensus rating of "Moderate Buy."
• The company's most recent earnings report exceeded expectations, showing a revenue of $344.49 million and an EPS of $0.42, above the consensus estimate of $0.41.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They set a "buy" rating and a $48.00 price target for the company. Wall Street Zen raised shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Atour Lifestyle in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.90.

Atour Lifestyle Stock Up 0.1%

Shares of Atour Lifestyle stock opened at $37.31 on Thursday. The stock has a market cap of $5.16 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.21 and a beta of 0.79. Atour Lifestyle has a 12 month low of $21.50 and a 12 month high of $40.39. The business has a fifty day simple moving average of $37.30 and a 200-day simple moving average of $32.74.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The firm had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts expect that Atour Lifestyle will post 1.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management bought a new stake in Atour Lifestyle in the second quarter worth $29,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Atour Lifestyle in the first quarter worth about $27,000. Loomis Sayles & Co. L P boosted its stake in shares of Atour Lifestyle by 322.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company's stock worth $47,000 after acquiring an additional 1,111 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $60,000. Finally, Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle during the 1st quarter valued at about $71,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Company Profile

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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