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

Wall Street Zen upgraded shares of Atour Lifestyle (NASDAQ:ATAT) from a buy rating to a strong-buy rating in a report published on Thursday.

ATAT has been the subject of several other reports. Bank of America raised their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research note on Friday, March 14th. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a “buy” rating in a research note on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $36.63.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $32.47 on Thursday. The business has a 50-day moving average of $26.83 and a 200-day moving average of $27.38. The company has a market capitalization of $4.49 billion, a PE ratio of 27.99, a P/E/G ratio of 0.59 and a beta of 0.59. Atour Lifestyle has a 1-year low of $15.22 and a 1-year high of $34.23.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities analysts expect that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle declared that its board has approved a share buyback program on Thursday, May 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Atour Lifestyle Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid a $0.42 dividend. This represents a yield of 1.3%. This is an increase from Atour Lifestyle’s previous annual dividend of $0.40. The ex-dividend date of this dividend is Monday, June 2nd. Atour Lifestyle’s dividend payout ratio (DPR) is 32.81%.

Hedge Funds Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. acquired a new position in Atour Lifestyle in the first quarter valued at approximately $27,000. Leading Securities Co Ltd boosted its stake in Atour Lifestyle by 2.2% in the first quarter. Leading Securities Co Ltd now owns 53,226 shares of the company’s stock valued at $1,509,000 after acquiring an additional 1,137 shares during the period. Envestnet Asset Management Inc. boosted its stake in Atour Lifestyle by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 53,827 shares of the company’s stock valued at $1,526,000 after acquiring an additional 1,549 shares during the period. American Century Companies Inc. boosted its stake in Atour Lifestyle by 3.8% in the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company’s stock valued at $1,688,000 after acquiring an additional 2,321 shares during the period. Finally, Lester Murray Antman dba SimplyRich boosted its stake in Atour Lifestyle by 11.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock valued at $626,000 after acquiring an additional 2,469 shares during the period. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.