Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. lowered its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 547,443 shares of the company's stock after selling 31,740 shares during the quarter. Burgundy Asset Management Ltd. owned 0.40% of Atour Lifestyle worth $14,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Pictet Asset Management Holding SA purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at $155,000. AdvisorShares Investments LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth $188,000. Cornerstone Investment Partners LLC bought a new stake in shares of Atour Lifestyle during the 4th quarter worth $213,000. Deutsche Bank AG bought a new stake in Atour Lifestyle in the fourth quarter worth $235,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Atour Lifestyle in the fourth quarter worth $296,000. Institutional investors own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ATAT shares. Wall Street Zen raised shares of Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research note on Thursday. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th. Bank of America increased their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. Finally, Citigroup increased their price target on shares of Atour Lifestyle from $36.50 to $38.00 and gave the stock a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Atour Lifestyle currently has a consensus rating of "Buy" and an average target price of $36.63.

Atour Lifestyle Price Performance

Shares of ATAT stock traded down $0.39 on Friday, hitting $32.47. 1,572,285 shares of the stock traded hands, compared to its average volume of 1,260,804. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 52 week low of $15.22 and a 52 week high of $34.23. The firm has a 50 day simple moving average of $26.83 and a two-hundred day simple moving average of $27.39.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Sell-side analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid 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 32.81%.

Atour Lifestyle declared that its board has authorized a stock buyback plan on Thursday, May 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Atour Lifestyle 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.