Atour Lifestyle (NASDAQ:ATAT) Receives New Coverage from Analysts at Macquarie

Macquarie began coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note released on Monday, Marketbeat reports. The firm issued an outperform rating and a $26.00 target price on the stock.

Separately, Bank of America reduced their target price on Atour Lifestyle from $25.00 to $23.70 and set a buy rating for the company in a research note on Monday, April 1st.

Atour Lifestyle Stock Up 1.5 %

NASDAQ ATAT opened at $17.50 on Monday. The stock has a market cap of $2.41 billion, a PE ratio of 24.31, a P/E/G ratio of 0.46 and a beta of 0.61. Atour Lifestyle has a fifty-two week low of $14.80 and a fifty-two week high of $23.31. The business has a 50 day moving average price of $18.70 and a two-hundred day moving average price of $18.18.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Thursday, March 28th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $212.01 million during the quarter, compared to analysts’ expectations of $177.28 million. Atour Lifestyle had a return on equity of 42.81% and a net margin of 15.66%. Sell-side analysts anticipate that Atour Lifestyle will post 1.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

Several institutional investors and hedge funds have recently made changes to their positions in ATAT. Aspex Management HK Ltd purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $61,194,000. Goldman Sachs Group Inc. lifted its stake in Atour Lifestyle by 396.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after purchasing an additional 1,366,236 shares during the last quarter. Sylebra Capital LLC bought a new position in Atour Lifestyle during the third quarter worth $22,073,000. Schroder Investment Management Group lifted its stake in Atour Lifestyle by 287.8% during the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock worth $24,732,000 after purchasing an additional 1,057,305 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in Atour Lifestyle during the fourth quarter worth $13,685,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.