Atour Lifestyle (NASDAQ:ATAT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atour Lifestyle (NASDAQ:ATAT) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. CLSA initiated coverage on Atour Lifestyle in a report on Friday, January 2nd. They issued an “outperform” rating and a $49.00 price objective for the company. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 target price on shares of Atour Lifestyle in a report on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Atour Lifestyle Trading Up 4.8%

Shares of ATAT stock opened at $36.81 on Friday. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.06 and a beta of 0.76. The business’s 50-day moving average price is $37.36 and its 200-day moving average price is $38.52. Atour Lifestyle has a 12 month low of $21.50 and a 12 month high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Tuesday, March 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. Atour Lifestyle had a net margin of 16.58% and a return on equity of 46.96%. The business had revenue of $398.47 million during the quarter, compared to analyst estimates of $397.20 million. On average, sell-side analysts predict that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new stake in shares of Atour Lifestyle in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $25,000 after acquiring an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after purchasing an additional 325 shares during the period. Hollencrest Capital Management bought a new stake in Atour Lifestyle in the second quarter valued at $29,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Atour Lifestyle in the fourth quarter valued at $37,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Co, Ltd. operates as a hospitality and lifestyle company offering a range of lodging and accommodation services in China. The company’s core business includes the development, operation and management of boutique hotels and serviced apartments under its Atour Hotel and Ankora brands. These properties cater primarily to the mid- to upscale segment, delivering a blend of comfort, design-focused interiors and localized services tailored to both business and leisure travelers.

In addition to room offerings, Atour Lifestyle provides a suite of ancillary services designed to enhance guest experiences.