Atour Lifestyle (NASDAQ:ATAT) Reaches New 12-Month High - What's Next?

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 during mid-day trading on Tuesday . The stock traded as high as $40.39 and last traded at $39.78, with a volume of 81258 shares. The stock had previously closed at $39.75.

Analysts Set New Price Targets

ATAT has been the topic of several recent research reports. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Citigroup reiterated a "buy" rating and set a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $36.63.

Atour Lifestyle Price Performance

The stock has a market capitalization of $5.51 billion, a P/E ratio of 28.90, a PEG ratio of 1.33 and a beta of 0.82. The stock's fifty day moving average is $36.31 and its 200-day moving average is $31.53.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The firm had revenue of $344.49 million during the quarter, compared to analysts' expectations 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. On average, research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds have recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Atour Lifestyle by 1,544.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock valued at $195,206,000 after buying an additional 6,466,787 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Atour Lifestyle by 3,189.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after purchasing an additional 2,504,461 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Atour Lifestyle in the first quarter worth about $68,322,000. SG Americas Securities LLC raised its position in Atour Lifestyle by 11,289.7% in the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company's stock worth $45,211,000 after purchasing an additional 1,378,476 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. acquired a new position in Atour Lifestyle in the second quarter worth about $29,259,000. 17.79% of the stock is currently owned by 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.

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