Macquarie started coverage on shares of Atour Lifestyle (NASDAQ:ATAT - Free Report) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $26.00 target price on the stock.
Separately, Bank of America decreased their price target on shares of Atour Lifestyle from $25.00 to $23.70 and set a buy rating on the stock in a research note on Monday, April 1st.
Get Our Latest Stock Analysis on Atour Lifestyle
Atour Lifestyle Price Performance
Shares of ATAT stock traded up $0.26 during mid-day trading on Monday, hitting $17.50. The company had a trading volume of 218,791 shares, compared to its average volume of 580,879. Atour Lifestyle has a 52-week low of $14.80 and a 52-week high of $23.31. The stock's 50 day moving average price is $18.70 and its 200-day moving average price is $18.18. The company has a market capitalization of $2.41 billion, a P/E ratio of 24.31, a P/E/G ratio of 0.46 and a beta of 0.61.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Thursday, March 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The company had revenue of $212.01 million for the quarter, compared to the consensus estimate of $177.28 million. Atour Lifestyle had a net margin of 15.66% and a return on equity of 42.81%. On average, equities research analysts expect that Atour Lifestyle will post 1.04 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Atour Lifestyle during the fourth quarter valued at $260,000. Goldman Sachs Group Inc. increased its position in Atour Lifestyle by 396.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company's stock valued at $29,702,000 after acquiring an additional 1,366,236 shares during the last quarter. FACT Capital LP grew its holdings in shares of Atour Lifestyle by 14.3% in the fourth quarter. FACT Capital LP now owns 509,230 shares of the company's stock worth $8,840,000 after purchasing an additional 63,903 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Atour Lifestyle in the fourth quarter worth about $11,312,000. Finally, Ghisallo Capital Management LLC grew its holdings in shares of Atour Lifestyle by 1,170.0% in the fourth quarter. Ghisallo Capital Management LLC now owns 635,000 shares of the company's stock worth $11,024,000 after purchasing an additional 585,000 shares during the last quarter. Institutional investors own 17.79% of the company's stock.
Atour Lifestyle Company Profile
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Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.
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