Atour Lifestyle (NASDAQ:ATAT) Now Covered by Analysts at Jefferies Financial Group

Key Points

• Analysts at Jefferies Financial Group have initiated coverage on Atour Lifestyle (NASDAQ: ATAT) with a "buy" rating, signaling positive sentiment towards the stock.
• Atour Lifestyle's stock has been upgraded from "hold" to "buy" by Wall Street Zen, with an average target price of $38.90 based on consensus estimates.
• The company reported a quarterly EPS of $0.42, surpassing expectations, and has set a forecast of 1.24 EPS for the current fiscal year.

Investment analysts at Jefferies Financial Group started coverage on shares of Atour Lifestyle (NASDAQ:ATAT - Get Free Report) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage set a "buy" rating on the stock.

Separately, Wall Street Zen raised shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Atour Lifestyle presently has an average rating of "Buy" and an average target price of $38.90.

Atour Lifestyle Stock Down 0.4%

Shares of Atour Lifestyle stock opened at $37.59 on Monday. The firm has a market capitalization of $5.19 billion, a P/E ratio of 27.24, a PEG ratio of 1.27 and a beta of 0.83. The company has a 50 day moving average price of $36.96 and a 200 day moving average price of $32.19. Atour Lifestyle has a 52 week low of $21.50 and a 52 week high of $40.39.

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, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $344.49 million during the quarter, compared to analyst estimates of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of Atour Lifestyle

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its holdings in Atour Lifestyle by 3.8% in the 2nd quarter. Squarepoint Ops LLC now owns 29,458 shares of the company's stock valued at $958,000 after buying an additional 1,073 shares during the period. Nomura Holdings Inc. purchased a new stake in Atour Lifestyle during the second quarter worth about $5,945,000. Hollencrest Capital Management purchased a new stake in Atour Lifestyle during the second quarter worth about $29,000. Lazard Asset Management LLC increased its stake in Atour Lifestyle by 2.5% during the second quarter. Lazard Asset Management LLC now owns 243,921 shares of the company's stock worth $7,929,000 after purchasing an additional 5,956 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Atour Lifestyle by 35.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 58,120 shares of the company's stock worth $1,889,000 after purchasing an additional 15,127 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

About Atour Lifestyle

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.