Atour Lifestyle (NASDAQ:ATAT - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Citigroup in a research note issued on Friday, Marketbeat Ratings reports. They currently have a $38.00 price target on the stock, up from their previous price target of $36.50. Citigroup's target price indicates a potential upside of 21.02% from the company's current price.
Other equities analysts have also issued research reports about the stock. Wall Street Zen raised shares of Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. 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. Finally, Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $36.63.
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Atour Lifestyle Price Performance
Shares of Atour Lifestyle stock traded up $0.38 during trading on Friday, hitting $31.40. 2,792,515 shares of the company were exchanged, compared to its average volume of 1,267,900. The firm has a market capitalization of $4.34 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle has a 1-year low of $15.22 and a 1-year high of $34.23. The firm's fifty day moving average price is $26.88 and its 200 day moving average price is $27.45.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. As a group, equities research analysts anticipate that Atour Lifestyle will post 1.24 earnings per share for the current year.
Atour Lifestyle declared that its Board of Directors has authorized a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On Atour Lifestyle
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lester Murray Antman dba SimplyRich boosted its position in shares of Atour Lifestyle by 11.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after buying an additional 2,469 shares during the period. Nkcfo LLC acquired a new position in Atour Lifestyle during the 4th quarter worth approximately $538,000. Sanctuary Advisors LLC acquired a new position in Atour Lifestyle during the 4th quarter worth approximately $1,344,000. New York State Common Retirement Fund acquired a new position in Atour Lifestyle during the 4th quarter worth approximately $1,119,000. Finally, Van Berkom & Associates Inc. boosted its position 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 acquiring an additional 37,940 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.
About Atour Lifestyle
(
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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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