Atour Lifestyle (NASDAQ:ATAT) Shares Up 3.6% - Still a Buy?

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

Analysts Set New Price Targets

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

Atour Lifestyle Trading Up 1.5%

The business has a 50-day moving average of $27.55 and a 200 day moving average of $27.87. The firm has a market capitalization of $4.55 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 0.59 and a beta of 0.82.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The firm had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. On average, sell-side analysts expect 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. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.42 per share. This represents a yield of 1.3%. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date is Monday, June 2nd. Atour Lifestyle's dividend payout ratio is 30.95%.

Atour Lifestyle declared that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Atour Lifestyle

Large investors have recently modified their holdings of the business. Nkcfo LLC bought a new position in Atour Lifestyle in the 4th quarter worth approximately $538,000. Sanctuary Advisors LLC purchased a new position in shares of Atour Lifestyle in the fourth quarter valued at $1,344,000. New York State Common Retirement Fund bought a new stake in shares of Atour Lifestyle during the 4th quarter valued at $1,119,000. Van Berkom & Associates Inc. lifted its holdings in Atour Lifestyle by 112.0% during the 4th quarter. Van Berkom & Associates Inc. now owns 71,808 shares of the company's stock worth $1,931,000 after purchasing an additional 37,940 shares in the last quarter. Finally, O Neil Global Advisors Inc. bought a new position in Atour Lifestyle in the 4th quarter worth about $717,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

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.