615,293 Shares in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Acquired by WFM ASIA BVI Ltd

Key Points

• WFM ASIA BVI Ltd acquired 615,293 shares of Atour Lifestyle Holdings Limited, valued at approximately $17.44 million, making it the fund's sixth largest position.
• Atour Lifestyle recently announced an annual dividend of $0.42, up from the previous $0.40, indicating a dividend yield of 130.0%.
• The company's stock has a 52-week range of $16.17 to $37.46, and it currently has a consensus rating of "Moderate Buy" with a target price of $36.63.

WFM ASIA BVI Ltd acquired a new position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 615,293 shares of the company's stock, valued at approximately $17,444,000. Atour Lifestyle makes up about 1.9% of WFM ASIA BVI Ltd's investment portfolio, making the stock its 6th biggest position. WFM ASIA BVI Ltd owned about 0.45% of Atour Lifestyle as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. acquired a new position in Atour Lifestyle in the first quarter valued at approximately $27,000. AdvisorShares Investments LLC purchased a new stake in shares of Atour Lifestyle during the fourth quarter worth $188,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Atour Lifestyle during the first quarter worth $209,000. Pinnacle Associates Ltd. purchased a new stake in shares of Atour Lifestyle during the first quarter worth $213,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Atour Lifestyle during the first quarter worth $215,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Stock Up 1.2%

Shares of ATAT traded up $0.40 during mid-day trading on Friday, reaching $34.88. 515,317 shares of the company's stock were exchanged, compared to its average volume of 1,041,363. The company has a 50-day simple moving average of $33.93 and a two-hundred day simple moving average of $30.28. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $16.17 and a 52-week high of $37.46. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.02 and a beta of 0.82.

Atour Lifestyle announced that its board has authorized a stock 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. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.42 per share. This represents a dividend yield of 130.0%. The ex-dividend date was Monday, June 2nd. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. Atour Lifestyle's dividend payout ratio (DPR) is presently 30.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ATAT shares. Citigroup reissued a "buy" rating and issued a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.63.

About Atour Lifestyle

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.