Atour Lifestyle (NASDAQ:ATAT) Shares Cross Above Fifty Day Moving Average - Time to Sell?

Key Points

• Atour Lifestyle shares rose 4%, briefly reaching $34.33 and closing at $33.82, above the 50-day moving average of $33.03 but below the 200-day average of $35.04.
• Analyst sentiment is broadly positive: eight analysts rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of $46.62.
• The company exceeded quarterly expectations, reporting $0.59 EPS versus $0.57 expected and $513.74 million in revenue versus $484.56 million estimated; institutional investors own 17.79% of its shares.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $33.03 and traded as high as $34.33. Atour Lifestyle shares last traded at $33.82, with a volume of 981,510 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ATAT. Weiss Ratings raised shares of Atour Lifestyle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. HSBC initiated coverage on shares of Atour Lifestyle in a research report on Wednesday, October 7th. They set a "buy" rating and a $39.70 target price for the company. Wall Street Zen upgraded shares of Atour Lifestyle from a "hold" rating to a "buy" rating in a report on Sunday, September 13th. Finally, Zacks Research lowered shares of Atour Lifestyle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.62.

Atour Lifestyle Stock Up 4.0%

The company has a 50-day moving average of $33.03 and a 200-day moving average of $35.04. The company has a market cap of $4.65 billion, a PE ratio of 16.66, a PEG ratio of 0.85 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. The business had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. As a group, equities analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.16 EPS for the current year.

Institutional Trading of Atour Lifestyle

Institutional investors and hedge funds have recently made changes to their positions in the company. WFM ASIA BVI Ltd purchased a new position in Atour Lifestyle during the second quarter worth about $99,575,000. Principal Financial Group Inc. grew its position in Atour Lifestyle by 19.9% in the 1st quarter. Principal Financial Group Inc. now owns 977,996 shares of the company's stock worth $36,000,000 after purchasing an additional 162,574 shares in the last quarter. Lazard Asset Management LLC increased its stake in Atour Lifestyle by 3.6% in the 1st quarter. Lazard Asset Management LLC now owns 434,608 shares of the company's stock valued at $15,998,000 after buying an additional 15,214 shares during the last quarter. CI Investments Inc. purchased a new stake in Atour Lifestyle in the 1st quarter valued at about $14,028,000. Finally, ABN Amro Investment Solutions increased its stake in Atour Lifestyle by 48.5% in the 1st quarter. ABN Amro Investment Solutions now owns 314,672 shares of the company's stock valued at $11,583,000 after buying an additional 102,742 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company's stock.

About Atour Lifestyle

Atour Lifestyle Holdings Limited NASDAQ: ATAT is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour's portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.

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