Wellington Management Group LLP Acquires 207,499 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

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

Several other institutional investors have also added to or reduced their stakes in ATAT. American Century Companies Inc. grew its position in Atour Lifestyle by 3.8% in the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock worth $1,688,000 after acquiring an additional 2,321 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Atour Lifestyle by 11.9% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after purchasing an additional 2,469 shares during the period. Jump Financial LLC increased its position in shares of Atour Lifestyle by 1.5% during the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company's stock valued at $4,851,000 after purchasing an additional 2,620 shares during the last quarter. Invesco Ltd. raised its holdings in Atour Lifestyle by 5.4% during the 4th quarter. Invesco Ltd. now owns 67,117 shares of the company's stock valued at $1,805,000 after buying an additional 3,437 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Atour Lifestyle by 6.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company's stock worth $1,794,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Down 0.5%

ATAT traded down $0.17 on Thursday, reaching $31.26. 705,903 shares of the company traded hands, compared to its average volume of 1,279,617. The company has a market cap of $4.32 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $34.23. The firm has a fifty day simple moving average of $27.12 and a two-hundred day simple moving average of $27.64.

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 analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities analysts forecast 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 share buyback program on Thursday, May 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors 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. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.42 per share. The ex-dividend date 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 (DPR) is currently 30.95%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATAT. 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. Wall Street Zen lowered shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America raised their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note on Friday, March 14th. Finally, Citigroup reaffirmed a "buy" rating and set a $38.00 target price (up previously from $36.50) on shares of Atour Lifestyle in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.63.

About Atour Lifestyle

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.