Atour Lifestyle (NASDAQ:ATAT) Shares Up 3.6% - Should You Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) shares rose 3.6% on Thursday . The stock traded as high as $32.20 and last traded at $32.07. Approximately 494,663 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 1,279,901 shares. The stock had previously closed at $30.96.

Analyst Upgrades and Downgrades

ATAT has been the subject of several analyst reports. Bank of America lifted their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th. Wall Street Zen cut shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Citigroup reiterated a "buy" rating and set a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.63.

Atour Lifestyle Stock Performance

The firm's 50-day moving average price is $27.71 and its 200 day moving average price is $27.96. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 0.59 and a beta of 0.83.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, equities research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's payout ratio is currently 30.95%.

Atour Lifestyle declared that its Board of Directors 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 reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors Inc. acquired a new position in Atour Lifestyle during the first quarter valued at approximately $27,000. Leading Securities Co Ltd grew its holdings in Atour Lifestyle by 2.2% during the first quarter. Leading Securities Co Ltd now owns 53,226 shares of the company's stock valued at $1,509,000 after purchasing an additional 1,137 shares during the period. Envestnet Asset Management Inc. lifted its stake in Atour Lifestyle by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company's stock valued at $1,526,000 after buying an additional 1,549 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Atour Lifestyle by 3.8% in the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock valued at $1,688,000 after buying an additional 2,321 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Atour Lifestyle in the first quarter valued at approximately $71,000. 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.