Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Stock Has Average Price Target of $46.62

Key Points

• Analysts rate Atour Lifestyle “Moderate Buy”: Seven of nine analysts recommend buying the stock, while two rate it a hold; the average 12-month price target is $46.62.
• ATAT shares opened at $31.61, down 1%, near the lower end of their 12-month range of $30.77 to $43.17. Institutional investors and hedge funds own 17.79% of the company.
• Atour exceeded quarterly expectations, reporting earnings of $0.59 per share versus consensus of $0.57 and revenue of $513.74 million versus estimates of $484.56 million.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.62.

Several equities research analysts recently commented on ATAT shares. Weiss Ratings lowered shares of Atour Lifestyle from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 31st. HSBC started coverage on shares of Atour Lifestyle in a research report on Wednesday. They issued a "buy" rating and a $39.70 target price on the stock. Wall Street Zen raised shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a research note on Sunday, September 13th. Finally, Zacks Research downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th.

Hedge Funds Weigh In On Atour Lifestyle

A number of hedge funds have recently made changes to their positions in ATAT. Farther Finance Advisors LLC lifted its position in shares of Atour Lifestyle by 1,309.4% in the third quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company's stock valued at $59,000 after acquiring an additional 1,676 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Atour Lifestyle by 19.6% during the second quarter. Engineers Gate Manager LP now owns 23,302 shares of the company's stock worth $741,000 after purchasing an additional 3,816 shares in the last quarter. Nykredit A S acquired a new position in Atour Lifestyle in the 2nd quarter valued at $112,000. TD Waterhouse Canada Inc. raised its stake 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 purchasing an additional 1,021 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in Atour Lifestyle in the 2nd quarter valued at $1,022,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Trading Down 1.0%

Shares of ATAT stock opened at $31.61 on Friday. Atour Lifestyle has a 12-month low of $30.77 and a 12-month high of $43.17. The business's 50 day moving average is $33.72 and its two-hundred day moving average is $34.48. The company has a market capitalization of $4.35 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.85 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%.The business had revenue of $513.74 million during the quarter, compared to analysts' expectations of $484.56 million. On average, research analysts predict that Atour Lifestyle will post 2.13 earnings per share for the current fiscal year.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality and lifestyle company headquartered in Shanghai, China. Founded in 2013, the company operates a portfolio of hotel brands designed to combine accommodation with localized cultural and lifestyle experiences.

Its hotel offerings include the Atour, Atour S, Atour Light, Atour X and other brand concepts serving different customer preferences and travel occasions. Atour also develops complementary products and services, including bedding, pillows, mattresses and other lifestyle goods sold through its hotels and online retail channels.

Atour primarily serves the Chinese market, with hotels located across major cities and other destinations in mainland China.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.