Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was down 2.5% during mid-day trading on Tuesday . The company traded as low as $31.02 and last traded at $31.66. Approximately 437,994 shares were traded during trading, a decline of 65% from the average daily volume of 1,257,725 shares. The stock had previously closed at $32.47.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ATAT shares. Citigroup reaffirmed a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a research note on Friday. Bank of America raised their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note on Friday, March 14th. Wall Street Zen raised Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Finally, UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Atour Lifestyle currently has a consensus rating of "Buy" and a consensus target price of $36.63.
Check Out Our Latest Stock Analysis on Atour Lifestyle
Atour Lifestyle Stock Down 5.0%
The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 0.59 and a beta of 0.59. The company's 50-day simple moving average is $26.86 and its 200 day simple moving average is $27.43.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly 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. The company had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.
Atour Lifestyle Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.42 per share. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.3%. Atour Lifestyle's dividend payout ratio (DPR) is currently 33.33%.
Atour Lifestyle declared that its Board of Directors has approved a share repurchase program 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. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATAT. Sanctuary Advisors LLC bought a new position in Atour Lifestyle in the 4th quarter worth approximately $1,344,000. JPMorgan Chase & Co. grew its holdings in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock worth $38,012,000 after acquiring an additional 402,974 shares during the period. Prudential Financial Inc. acquired a new position in shares of Atour Lifestyle in the 4th quarter valued at $1,718,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Atour Lifestyle by 1,250.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock valued at $11,962,000 after buying an additional 411,893 shares during the period. Finally, Norges Bank acquired a new position in shares of Atour Lifestyle in the 4th quarter valued at $36,489,000. Institutional investors own 17.79% of the company's stock.
About Atour Lifestyle
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Atour Lifestyle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atour Lifestyle wasn't on the list.
While Atour Lifestyle currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
