Burgundy Asset Management Ltd. cut its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 547,443 shares of the company's stock after selling 31,740 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.40% of Atour Lifestyle worth $14,721,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $155,000. AdvisorShares Investments LLC purchased a new stake in Atour Lifestyle in the 4th quarter valued at approximately $188,000. Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle in the 4th quarter valued at approximately $213,000. Deutsche Bank AG acquired a new position in Atour Lifestyle during the 4th quarter worth approximately $235,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $296,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on ATAT shares. Citigroup reaffirmed a "buy" rating and set a $38.00 price objective (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Bank of America increased their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Atour Lifestyle has a consensus rating of "Buy" and an average price target of $36.63.
Get Our Latest Stock Report on ATAT
Atour Lifestyle Stock Up 1.9%
Shares of NASDAQ ATAT traded up $0.58 during trading on Wednesday, reaching $31.60. 423,221 shares of the stock were exchanged, compared to its average volume of 1,258,543. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. The business's 50-day moving average price is $26.88 and its 200 day moving average price is $27.45. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $34.23.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.
Atour Lifestyle Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be issued a dividend of $0.42 per share. This represents a yield of 1.3%. This is a boost from Atour Lifestyle's previous annual dividend of $0.40. The ex-dividend date of this dividend is Monday, June 2nd. Atour Lifestyle's dividend payout ratio (DPR) is presently 33.33%.
Atour Lifestyle declared that its board has authorized a stock buyback plan on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is 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.
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