Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Receives Consensus Recommendation of “Buy” from Brokerages

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) has received an average recommendation of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.00.

Several analysts recently issued reports on ATAT shares. Morgan Stanley restated an “overweight” rating and issued a $45.00 target price on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th.

Atour Lifestyle Stock Down 1.6%

Shares of NASDAQ:ATAT opened at $31.80 on Wednesday. The company’s 50 day moving average price is $35.34 and its two-hundred day moving average price is $37.20. Atour Lifestyle has a 12-month low of $31.14 and a 12-month high of $43.17. The firm has a market cap of $4.37 billion, a PE ratio of 17.10, a PEG ratio of 0.79 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The firm had revenue of $407.74 million for the quarter, compared to analyst estimates of $379.74 million. On average, research analysts expect that Atour Lifestyle will post 2.09 EPS for the current year.

Atour Lifestyle Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 5th. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. This represents a dividend yield of 162.0%. Atour Lifestyle’s payout ratio is 27.42%.

Hedge Funds Weigh In On Atour Lifestyle

Large investors have recently modified their holdings of the business. Baillie Gifford & Co. bought a new position in Atour Lifestyle during the fourth quarter worth $6,973,000. Prudential PLC grew its holdings in Atour Lifestyle by 15.9% in the third quarter. Prudential PLC now owns 822,347 shares of the company’s stock worth $30,912,000 after purchasing an additional 112,751 shares during the period. AIA Group Ltd grew its holdings in Atour Lifestyle by 822.9% in the third quarter. AIA Group Ltd now owns 99,863 shares of the company’s stock worth $3,754,000 after purchasing an additional 89,043 shares during the period. Vanguard Group Inc. grew its holdings in Atour Lifestyle by 2.1% in the third quarter. Vanguard Group Inc. now owns 2,779,715 shares of the company’s stock worth $104,489,000 after purchasing an additional 56,002 shares during the period. Finally, Triata Capital Ltd grew its holdings in Atour Lifestyle by 55.5% in the third quarter. Triata Capital Ltd now owns 665,269 shares of the company’s stock worth $25,007,000 after purchasing an additional 237,466 shares during the period. 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.