Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Given Average Recommendation of “Buy” by Brokerages

by · The Cerbat Gem

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Get Free Report) have earned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $44.6833.

Several equities research analysts have recently issued reports on the company. Citigroup lifted their target price on Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. began coverage on Atour Lifestyle in a research note on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price objective on the stock. Macquarie upped their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th.

Check Out Our Latest Report on ATAT

Atour Lifestyle Price Performance

Atour Lifestyle stock opened at $40.54 on Friday. Atour Lifestyle has a 1 year low of $21.50 and a 1 year high of $43.17. The firm’s 50 day moving average price is $39.15 and its 200-day moving average price is $36.69. The stock has a market cap of $5.60 billion, a P/E ratio of 27.58, a PEG ratio of 1.12 and a beta of 0.80.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last posted its earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $368.95 million during the quarter, compared to analysts’ expectations of $340.27 million. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. As a group, equities analysts expect that Atour Lifestyle will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. Caitong International Asset Management Co. Ltd raised its position in 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 purchasing an additional 580 shares during the period. Hollencrest Capital Management bought a new position in shares of Atour Lifestyle during the 2nd quarter valued at approximately $29,000. Assetmark Inc. purchased a new stake in Atour Lifestyle during the 3rd quarter valued at $37,000. Loomis Sayles & Co. L P lifted its position in Atour Lifestyle by 322.0% in the second quarter. Loomis Sayles & Co. L P now owns 1,456 shares of the company’s stock worth $47,000 after buying an additional 1,111 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in Atour Lifestyle during the third quarter worth $60,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

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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