Atour Lifestyle (NASDAQ:ATAT) Shares Up 5.5% – What’s Next?
by Scott Moore · The Cerbat GemAtour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Get Free Report)’s share price was up 5.5% on Monday . The company traded as high as $40.64 and last traded at $40.4790. Approximately 1,056,065 shares were traded during trading, a decline of 19% from the average daily volume of 1,307,959 shares. The stock had previously closed at $38.37.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Jefferies Financial Group began coverage on Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Atour Lifestyle in a research note on Wednesday, November 12th. They set an “overweight” rating and a $57.00 target price on the stock. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $43.21.
Get Our Latest Report on Atour Lifestyle
Atour Lifestyle Stock Up 5.4%
The company has a market capitalization of $5.59 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80. The firm’s 50 day simple moving average is $37.95 and its 200 day simple moving average is $35.75.
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last issued its earnings results on Tuesday, November 25th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. The business had revenue of $368.95 million for the quarter, compared to analyst estimates of $340.27 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.
Atour Lifestyle Cuts Dividend
The company also recently announced an annual dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a $0.36 dividend. This represents a dividend yield of 97.0%. The ex-dividend date is Friday, December 5th. Atour Lifestyle’s payout ratio is currently 26.53%.
Hedge Funds Weigh In On Atour Lifestyle
Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its stake in Atour Lifestyle by 651.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Atour Lifestyle in the 1st quarter valued at about $27,000. Hollencrest Capital Management acquired a new position in shares of Atour Lifestyle during the 2nd quarter worth approximately $29,000. Assetmark Inc. purchased a new stake in Atour Lifestyle during the 3rd quarter worth about $37,000. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Atour Lifestyle by 322.0% during the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock valued at $47,000 after buying an additional 1,111 shares during the period. 17.79% of the stock is currently owned by institutional investors and hedge funds.
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.
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