Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 430.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 255,727 shares of the company's stock after buying an additional 207,499 shares during the quarter. Wellington Management Group LLP owned 0.19% of Atour Lifestyle worth $6,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA acquired a new position in Atour Lifestyle during the fourth quarter worth about $155,000. AdvisorShares Investments LLC purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $188,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $213,000. Deutsche Bank AG purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $235,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $296,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATAT. Wall Street Zen downgraded shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup reaffirmed a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Bank of America upped their price target on shares of 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 target on shares of 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.63.

Atour Lifestyle Price Performance

NASDAQ:ATAT traded down $0.23 during trading hours on Friday, reaching $31.03. 943,572 shares of the company were exchanged, compared to its average volume of 1,285,606. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 0.59 and a beta of 0.83. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $34.23. The stock has a 50 day simple moving average of $27.23 and a 200 day simple moving average of $27.71.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $275.49 million. On average, analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Atour Lifestyle announced that its board has initiated a stock repurchase program on Thursday, May 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Atour Lifestyle Increases Dividend

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

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.