Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $35.26 and last traded at $35.00, with a volume of 1201164 shares traded. The stock had previously closed at $33.79.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on ATAT. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Citigroup reiterated a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Finally, Bank of America increased their price target on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a report on Friday, March 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $36.63.
Get Our Latest Research Report on ATAT
Atour Lifestyle Trading Down 0.5%
The company has a market capitalization of $4.98 billion, a PE ratio of 28.74, a P/E/G ratio of 1.03 and a beta of 0.82. The firm has a 50 day simple moving average of $30.97 and a two-hundred day simple moving average of $28.65.
Atour Lifestyle Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.42 per share. The ex-dividend date was Monday, June 2nd. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. This represents a yield of 1.3%. Atour Lifestyle's payout ratio is currently 30.95%.
Atour Lifestyle declared that its board has authorized a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On Atour Lifestyle
Institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle in the first quarter worth $27,000. Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle in the first quarter worth $71,000. Pictet Asset Management Holding SA acquired a new position in shares of Atour Lifestyle in the fourth quarter worth $155,000. AdvisorShares Investments LLC purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at $188,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Atour Lifestyle in the first quarter valued at $209,000. 17.79% of the stock is owned by institutional investors and hedge funds.
Atour Lifestyle Company Profile
(
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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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