Wellington Management Group LLP Raises Stake in Atour Lifestyle Holdings Limited Sponsored ADR $ATAT

Key Points

• Wellington Management Group LLP increased its stake in Atour Lifestyle Holdings by 14.5%, owning 292,931 shares valued at approximately $8.3 million as of the latest SEC filing.
• Atour Lifestyle reported a quarterly earnings per share (EPS) of $0.42, exceeding analysts' expectations, and saw revenue of $344.49 million during the quarter.
• Analysts have mixed ratings on ATAT, with Citigroup reaffirming a "buy" rating and setting a new target price at $38.00, while Wall Street Zen downgraded the stock to a "hold" rating.

Wellington Management Group LLP grew its stake in shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,931 shares of the company's stock after buying an additional 37,204 shares during the period. Wellington Management Group LLP owned 0.21% of Atour Lifestyle worth $8,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atlas Capital Advisors Inc. bought a new stake in shares of Atour Lifestyle during the first quarter valued at approximately $27,000. Leading Securities Co Ltd increased its position in Atour Lifestyle by 2.2% in the first quarter. Leading Securities Co Ltd now owns 53,226 shares of the company's stock worth $1,509,000 after purchasing an additional 1,137 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Atour Lifestyle by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company's stock worth $1,526,000 after purchasing an additional 1,549 shares during the last quarter. Summit Securities Group LLC bought a new stake in Atour Lifestyle in the first quarter worth $71,000. Finally, Deutsche Bank AG increased its position in Atour Lifestyle by 31.0% in the first quarter. Deutsche Bank AG now owns 11,438 shares of the company's stock worth $324,000 after purchasing an additional 2,708 shares during the last quarter. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

ATAT stock traded up $0.27 during mid-day trading on Wednesday, reaching $38.90. 226,743 shares of the stock traded hands, compared to its average volume of 1,328,625. Atour Lifestyle Holdings Limited Sponsored ADR has a one year low of $18.81 and a one year high of $39.84. The stock has a market capitalization of $5.38 billion, a PE ratio of 28.40, a PEG ratio of 1.31 and a beta of 0.83. The business has a 50-day moving average price of $35.17 and a two-hundred day moving average price of $30.98.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. The business had revenue of $344.49 million for the quarter, compared to analysts' expectations of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, equities analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle declared that its board has authorized a share buyback plan on Thursday, May 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ATAT. Citigroup restated a "buy" rating and issued a $38.00 price target (up previously from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. Wall Street Zen cut shares of Atour Lifestyle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $36.63.

Atour Lifestyle Company 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.