Atour Lifestyle (NASDAQ:ATAT) Hits New 52-Week High - Should You Buy?

Key Points

• Atour Lifestyle's share price reached a new 52-week high of $40.39 during trading, closing at $39.78 on the same day, with a trading volume of 81,258 shares.
• Analysts have upgraded Atour Lifestyle's stock ratings, with a consensus rating of "Buy" and a target price of $36.63, indicating positive market sentiment.
• The company reported a quarterly earnings per share (EPS) of $0.42, exceeding analysts' expectations and generating revenues of $344.49 million, surpassing estimates.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $40.39 and last traded at $39.78, with a volume of 81258 shares trading hands. The stock had previously closed at $39.75.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup reaffirmed a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen raised shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Trading Up 1.5%

The firm's 50-day moving average is $36.63 and its 200 day moving average is $31.78. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.33 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. The business had revenue of $344.49 million for the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at $27,000. Hollencrest Capital Management bought a new stake in shares of Atour Lifestyle in the 2nd quarter valued at $29,000. Loomis Sayles & Co. L P increased its stake in shares of Atour Lifestyle by 322.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company's stock valued at $47,000 after acquiring an additional 1,111 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Atour Lifestyle in the 1st quarter valued at $71,000. Finally, Raymond James Financial Inc. bought a new stake in Atour Lifestyle during the 2nd quarter valued at $118,000. Institutional investors and hedge funds 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.