Atour Lifestyle (NASDAQ:ATAT) Stock Rating Lowered by Wall Street Zen

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on the stock. Citigroup reiterated a "buy" rating and issued a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Bank of America upped 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.63.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock opened at $35.46 on Friday. The firm has a 50-day simple moving average of $31.41 and a two-hundred day simple moving average of $28.75. The company has a market cap of $4.90 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. Atour Lifestyle has a fifty-two week low of $15.22 and a fifty-two week high of $37.46.

Atour Lifestyle announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Trading of Atour Lifestyle

Several large investors have recently bought and sold shares of ATAT. Atlas Capital Advisors Inc. purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $71,000. Pictet Asset Management Holding SA purchased a new stake in Atour Lifestyle during the 4th quarter valued at about $155,000. AdvisorShares Investments LLC purchased a new stake in Atour Lifestyle during the 4th quarter valued at about $188,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $209,000. Hedge funds and other institutional investors 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.

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