Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Atour Lifestyle a “Moderate Buy”: Seven of nine analysts recommend buying the stock, while two rate it a hold. The average 12-month price target is $48.00.
• Atour reported quarterly EPS of $0.59, exceeding the $0.57 consensus estimate, while revenue of $513.74 million surpassed expectations of $484.56 million.
• The stock opened at $32.41, with a market capitalization of approximately $4.46 billion and a 52-week trading range of $30.77 to $43.17. Institutional investors own 17.79% of the company, with several firms increasing their holdings.

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $48.00.

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. Zacks Research downgraded Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Sunday.

Atour Lifestyle Stock Performance

NASDAQ:ATAT opened at $32.41 on Monday. The company has a market capitalization of $4.46 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.88 and a beta of 0.63. The stock's 50 day moving average price is $33.77 and its 200 day moving average price is $35.15. Atour Lifestyle has a 52 week low of $30.77 and a 52 week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $513.74 million during the quarter, compared to analysts' expectations of $484.56 million. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. As a group, sell-side analysts forecast that Atour Lifestyle will post 2.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its holdings in Atour Lifestyle by 19.6% during the second quarter. Engineers Gate Manager LP now owns 23,302 shares of the company's stock valued at $741,000 after acquiring an additional 3,816 shares during the period. Nykredit A S acquired a new position in shares of Atour Lifestyle during the 2nd quarter worth about $112,000. TD Waterhouse Canada Inc. grew its holdings in Atour Lifestyle by 5.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,882 shares of the company's stock valued at $653,000 after buying an additional 1,021 shares during the last quarter. B. Metzler seel. Sohn & Co. AG bought a new position in Atour Lifestyle in the 2nd quarter worth approximately $1,022,000. Finally, Headlands Technologies LLC increased its position in Atour Lifestyle by 80.8% in the 2nd quarter. Headlands Technologies LLC now owns 21,345 shares of the company's stock worth $679,000 after buying an additional 9,541 shares during the period. Institutional investors own 17.79% of the company's stock.

About Atour Lifestyle

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour's portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.

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