Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts remain broadly positive: Atour Lifestyle has a consensus “Moderate Buy” rating, with eight buy ratings and one hold. The average 12-month price target is $46.62, above the reported share price of $33.82.
• Recent results exceeded expectations: The company reported quarterly EPS of $0.59 versus a $0.57 consensus estimate and revenue of $513.74 million versus expectations of $484.56 million. Analysts expect full-year EPS of $2.16.
• Institutional interest is growing: Several investment firms initiated or increased positions, though institutional investors collectively own 17.79% of Atour’s stock.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.62.

A number of analysts recently issued reports on the company. Zacks Research cut Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings raised Atour Lifestyle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. HSBC started coverage on Atour Lifestyle in a report on Wednesday, October 7th. They set a "buy" rating and a $39.70 price target for the company. Finally, Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Sunday, September 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. acquired a new stake in shares of Atour Lifestyle in the fourth quarter worth $26,000. Fortitude Family Office LLC acquired a new position in Atour Lifestyle in the 3rd quarter valued at $26,000. Hollencrest Capital Management bought a new position in Atour Lifestyle in the 1st quarter worth $46,000. Farther Finance Advisors LLC raised its holdings in Atour Lifestyle by 1,309.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company's stock worth $59,000 after acquiring an additional 1,676 shares during the period. Finally, Nykredit A S bought a new position in Atour Lifestyle in the 2nd quarter worth $112,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Up 4.0%

Shares of Atour Lifestyle stock opened at $33.82 on Tuesday. The stock's fifty day moving average is $33.03 and its 200-day moving average is $35.04. The firm has a market capitalization of $4.65 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.66. Atour Lifestyle has a 12-month low of $30.07 and a 12-month high of $43.17.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $513.74 million during the quarter, compared to analysts' expectations of $484.56 million. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. Analysts expect that Atour Lifestyle will post 2.16 EPS for the current year.

About Atour Lifestyle

Atour Lifestyle Holdings Limited NASDAQ: ATAT is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour's portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.

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