Atour Lifestyle Holdings Limited Sponsored ADR $ATAT is 3G Capital Partners LP's 5th Largest Position

Key Points

• 3G Capital Partners LP increased its stake in Atour Lifestyle Holdings to 1,050,000 shares, representing a 5.0% rise and making it the fund's 5th largest position.
• Atour Lifestyle reported a quarterly EPS of $0.42, surpassing analyst expectations, with revenues of $344.49 million for the period.
• Recent analyst activity includes a downgrade from Wall Street Zen to a hold rating, while Citigroup reaffirmed a buy rating with a price target raised to $38.00.

3G Capital Partners LP raised its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,050,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. Atour Lifestyle makes up approximately 8.5% of 3G Capital Partners LP's holdings, making the stock its 5th largest holding. 3G Capital Partners LP owned 0.76% of Atour Lifestyle worth $29,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new stake in Atour Lifestyle in the 1st quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in Atour Lifestyle in the 1st quarter valued at about $71,000. Robeco Institutional Asset Management B.V. purchased a new stake in Atour Lifestyle in the 1st quarter valued at about $209,000. Pinnacle Associates Ltd. purchased a new stake in Atour Lifestyle in the 1st quarter valued at about $213,000. Finally, Bank of New York Mellon Corp purchased a new stake in Atour Lifestyle in the 1st quarter valued at about $215,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on ATAT shares. Wall Street Zen upgraded Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Friday. Citigroup restated a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $36.63.

Atour Lifestyle Stock Performance

Shares of NASDAQ:ATAT traded up $0.14 during trading on Friday, reaching $39.04. 1,579,633 shares of the stock were exchanged, compared to its average volume of 1,280,461. Atour Lifestyle Holdings Limited Sponsored ADR has a 12-month low of $18.95 and a 12-month high of $39.84. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The firm's 50-day moving average price is $35.57 and its 200 day moving average price is $31.14.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The business had revenue of $344.49 million during the quarter, compared to analysts' expectations of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle declared that its board 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Atour Lifestyle Company Profile

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.