Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down - Here's Why

Key Points

• Atour Lifestyle shares fell sharply at the open, dropping from a prior close of $37.00 to $34.05 before recovering to about $36.03.
• Analyst sentiment remains positive overall: eight analysts rate the stock a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and a $48 average price target.
• The company recently exceeded quarterly expectations, reporting $0.60 EPS versus $0.57 expected and revenue of $513.74 million against the $484.56 million consensus estimate.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $37.00, but opened at $34.05. Atour Lifestyle shares last traded at $36.03, with a volume of 277,289 shares traded.

Wall Street Analysts Forecast Growth

ATAT has been the topic of several analyst reports. Zacks Research cut Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Weiss Ratings reissued a "buy (b-)" rating on shares of Atour Lifestyle in a research note on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Atour Lifestyle currently has a consensus rating of "Moderate Buy" and an average price target of $48.00.

Atour Lifestyle Price Performance

The business's 50 day moving average is $33.18 and its 200-day moving average is $35.60. The company has a market cap of $4.87 billion, a PE ratio of 19.05, a P/E/G ratio of 0.97 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The company had revenue of $513.74 million for the quarter, compared to the consensus estimate of $484.56 million. As a group, sell-side analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.1 EPS for the current fiscal year.

Institutional Trading of Atour Lifestyle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new position in shares of Atour Lifestyle during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of Atour Lifestyle by 651.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company's stock worth $25,000 after acquiring an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Atour Lifestyle by 65.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company's stock worth $32,000 after purchasing an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Atour Lifestyle in the fourth quarter valued at approximately $37,000. Finally, Hollencrest Capital Management acquired a new position in Atour Lifestyle in the first quarter valued at approximately $46,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company's core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.

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