Atour Lifestyle (NASDAQ:ATAT) Lowered to Hold Rating by Wall Street Zen

Atour Lifestyle (NASDAQ:ATAT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

ATAT has been the subject of several other reports. UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. CLSA began coverage on shares of Atour Lifestyle in a research report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price target on the stock. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Macquarie Infrastructure upped their target price on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Atour Lifestyle Price Performance

Shares of ATAT stock opened at $36.88 on Friday. The stock has a market capitalization of $5.10 billion, a PE ratio of 22.77, a PEG ratio of 1.15 and a beta of 0.76. The business’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $38.70. Atour Lifestyle has a one year low of $21.50 and a one year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.08. The firm had revenue of $398.47 million during the quarter, compared to analyst estimates of $397.20 million. Atour Lifestyle had a net margin of 16.58% and a return on equity of 46.96%. As a group, research analysts expect that Atour Lifestyle will post 1.24 earnings per share for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors have recently bought and sold shares of the company. OLP CAPITAL MANAGEMENT Ltd lifted its position in shares of Atour Lifestyle by 1.5% during the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 8,656,494 shares of the company’s stock valued at $341,066,000 after buying an additional 131,886 shares during the last quarter. Aspex Management HK Ltd boosted its holdings in Atour Lifestyle by 17.8% in the 2nd quarter. Aspex Management HK Ltd now owns 5,314,881 shares of the company’s stock valued at $172,787,000 after purchasing an additional 804,245 shares during the period. JPMorgan Chase & Co. grew its position in shares of Atour Lifestyle by 234.2% during the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock valued at $135,073,000 after purchasing an additional 2,402,412 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Atour Lifestyle by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 3,406,470 shares of the company’s stock worth $134,215,000 after purchasing an additional 626,755 shares during the period. Finally, WFM ASIA BVI Ltd increased its holdings in shares of Atour Lifestyle by 184.4% in the fourth quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock worth $124,324,000 after purchasing an additional 2,045,832 shares during the period. Hedge funds and other institutional investors own 17.79% of the company’s stock.

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.