Atour Lifestyle (NASDAQ:ATAT) Sets New 12-Month High – Here’s Why

by · The Cerbat Gem

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $43.17 and last traded at $42.8820, with a volume of 486408 shares traded. The stock had previously closed at $41.70.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Citigroup boosted their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. assumed coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Atour Lifestyle in a report on Monday, September 29th. They issued a “buy” rating and a $48.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $44.68.

Read Our Latest Stock Analysis on Atour Lifestyle

Atour Lifestyle Price Performance

The firm has a market capitalization of $5.93 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80. The stock has a fifty day moving average of $38.69 and a 200 day moving average of $36.38.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $368.95 million for the quarter, compared to the consensus estimate of $340.27 million. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. Equities analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current fiscal year.

Atour Lifestyle Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be given a $0.36 dividend. This represents a dividend yield of 84.0%. The ex-dividend date is Friday, December 5th. Atour Lifestyle’s dividend payout ratio (DPR) is currently 22.45%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after buying an additional 580 shares during the period. Hollencrest Capital Management bought a new position in shares of Atour Lifestyle in the 2nd quarter worth approximately $29,000. Assetmark Inc. bought a new stake in shares of Atour Lifestyle during the third quarter valued at approximately $37,000. Loomis Sayles & Co. L P boosted its position 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 purchasing an additional 1,111 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in Atour Lifestyle in the third quarter worth $60,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Company Profile

(Get Free Report)

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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