Burgundy Asset Management Ltd. lifted its holdings in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 584,843 shares of the company's stock after buying an additional 37,400 shares during the period. Burgundy Asset Management Ltd. owned about 0.43% of Atour Lifestyle worth $16,580,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Atlas Capital Advisors Inc. bought a new stake in shares of Atour Lifestyle in the 1st quarter worth about $27,000. AdvisorShares Investments LLC bought a new stake in shares of Atour Lifestyle in the 4th quarter worth about $188,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Atour Lifestyle in the 1st quarter worth about $209,000. Pinnacle Associates Ltd. bought a new stake in shares of Atour Lifestyle in the 1st quarter worth about $213,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Atour Lifestyle in the 1st quarter worth about $215,000. 17.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Citigroup reiterated a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Atour Lifestyle presently has a consensus rating of "Buy" and a consensus target price of $36.63.
Check Out Our Latest Stock Analysis on Atour Lifestyle
Atour Lifestyle Stock Down 1.7%
NASDAQ:ATAT traded down $0.60 during mid-day trading on Wednesday, hitting $33.96. 1,098,269 shares of the stock traded hands, compared to its average volume of 1,300,481. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.02 and a beta of 0.82. Atour Lifestyle Holdings Limited Sponsored ADR has a 52 week low of $16.17 and a 52 week high of $37.46. The firm's 50 day moving average is $34.07 and its two-hundred day moving average is $30.37.
Atour Lifestyle Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a $0.42 dividend. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 130.0%. Atour Lifestyle's dividend payout ratio is presently 30.95%.
Atour Lifestyle announced that its board has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
About Atour Lifestyle
(
Free Report)
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.
Recommended Stories
Before you consider Atour Lifestyle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atour Lifestyle wasn't on the list.
While Atour Lifestyle currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access