Deutsche Bank AG Makes New $235,000 Investment in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Deutsche Bank AG acquired a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,730 shares of the company's stock, valued at approximately $235,000.

A number of other hedge funds have also recently added to or reduced their stakes in ATAT. Lester Murray Antman dba SimplyRich increased its holdings in Atour Lifestyle by 11.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock valued at $626,000 after buying an additional 2,469 shares in the last quarter. Nkcfo LLC acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth $538,000. Sanctuary Advisors LLC purchased a new stake in Atour Lifestyle in the 4th quarter valued at about $1,344,000. New York State Common Retirement Fund purchased a new position in Atour Lifestyle during the fourth quarter worth approximately $1,119,000. Finally, Van Berkom & Associates Inc. grew its position in Atour Lifestyle by 112.0% during the fourth quarter. Van Berkom & Associates Inc. now owns 71,808 shares of the company's stock valued at $1,931,000 after acquiring an additional 37,940 shares during the period. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Trading Up 0.2%

NASDAQ ATAT traded up $0.07 during trading hours on Tuesday, reaching $30.90. 1,283,026 shares of the company traded hands, compared to its average volume of 1,277,018. The stock has a market capitalization of $4.27 billion, a PE ratio of 26.64, a PEG ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $34.23. The company has a 50 day moving average of $27.03 and a two-hundred day moving average of $27.59.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $285.58 million for 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%. On average, equities research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Atour Lifestyle announced that its board has authorized a stock repurchase program on Thursday, May 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.42 per share. This is a positive change from Atour Lifestyle's previous annual dividend of $0.40. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 2nd. Atour Lifestyle's dividend payout ratio is currently 30.95%.

Analyst Upgrades and Downgrades

ATAT has been the subject of several recent research reports. Bank of America increased their price objective 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. Wall Street Zen downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research note on Friday. Citigroup restated a "buy" rating and set a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. Finally, UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Atour Lifestyle presently has a consensus rating of "Moderate Buy" and an average price target of $36.63.

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.