Wall Street Zen Upgrades Atour Lifestyle (NASDAQ:ATAT) to "Buy"

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

A number of other research firms have also commented on ATAT. Citigroup reiterated a "buy" rating and set a $38.00 price target (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. UBS Group set a $37.30 target price on Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, Bank of America increased their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a report on Friday, March 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $36.63.

Atour Lifestyle Price Performance

NASDAQ ATAT traded up $0.32 during trading on Friday, hitting $32.75. 663,864 shares of the company's stock traded hands, compared to its average volume of 1,263,642. The firm has a market cap of $4.53 billion, a P/E ratio of 25.99, a PEG ratio of 0.93 and a beta of 0.83. The stock has a fifty day moving average of $29.34 and a two-hundred day moving average of $28.29. Atour Lifestyle has a 12-month low of $15.22 and a 12-month high of $34.23.

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 (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 43.91% and a net margin of 16.39%. As a group, analysts expect that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. bought a new position in Atour Lifestyle during the 1st quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new stake in shares of Atour Lifestyle in the first quarter worth $71,000. Pictet Asset Management Holding SA bought a new position in shares of Atour Lifestyle during the fourth quarter valued at $155,000. AdvisorShares Investments LLC bought a new position in shares of Atour Lifestyle during the fourth quarter valued at $188,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Atour Lifestyle in the 1st quarter worth about $209,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

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.