Atour Lifestyle (NASDAQ:ATAT) Rating Increased to Buy at Wall Street Zen

Atour Lifestyle (NASDAQ:ATAT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

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

Atour Lifestyle Stock Down 3.1%

Shares of NASDAQ ATAT opened at $34.92 on Friday. Atour Lifestyle has a twelve month low of $21.50 and a twelve month high of $43.17. The firm has a market cap of $4.83 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76. The business has a fifty day simple moving average of $37.38 and a two-hundred day simple moving average of $38.58.

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

Hedge Funds Weigh In On Atour Lifestyle

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock valued at $40,739,000 after buying an additional 14,453 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Atour Lifestyle by 23.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,654,120 shares of the company’s stock worth $53,775,000 after acquiring an additional 315,534 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Atour Lifestyle by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 74,624 shares of the company’s stock worth $2,426,000 after acquiring an additional 2,210 shares in the last quarter. American Century Companies Inc. lifted its position in Atour Lifestyle by 13.8% during the second quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock valued at $2,231,000 after acquiring an additional 8,332 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Atour Lifestyle by 5.9% in the second quarter. Russell Investments Group Ltd. now owns 178,883 shares of the company’s stock valued at $5,815,000 after acquiring an additional 10,030 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors.

About Atour Lifestyle

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.