Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Given Consensus Rating of “Buy” by Brokerages

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $48.00.

ATAT has been the subject of several recent research reports. Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Finally, Morgan Stanley reissued an “overweight” rating and set a $45.00 target price on shares of Atour Lifestyle in a research report on Tuesday, March 17th.

Institutional Trading of Atour Lifestyle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. acquired a new stake in shares of Atour Lifestyle in the fourth quarter worth $6,973,000. Prudential PLC boosted its holdings in Atour Lifestyle by 15.9% during the third quarter. Prudential PLC now owns 822,347 shares of the company’s stock worth $30,912,000 after buying an additional 112,751 shares in the last quarter. AIA Group Ltd boosted its holdings in Atour Lifestyle by 822.9% during the third quarter. AIA Group Ltd now owns 99,863 shares of the company’s stock worth $3,754,000 after buying an additional 89,043 shares in the last quarter. Headwater Capital Co Ltd purchased a new stake in Atour Lifestyle during the third quarter worth $6,766,000. Finally, Aberdeen Group plc boosted its holdings in Atour Lifestyle by 22.7% during the third quarter. Aberdeen Group plc now owns 908,024 shares of the company’s stock worth $33,937,000 after buying an additional 167,730 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Trading Down 1.8%

ATAT stock opened at $33.42 on Friday. Atour Lifestyle has a 12 month low of $29.81 and a 12 month high of $43.17. The company has a 50-day moving average price of $36.63 and a 200 day moving average price of $38.02. The stock has a market cap of $4.62 billion, a PE ratio of 17.97, a P/E/G ratio of 0.83 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, beating 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 company had revenue of $407.74 million during the quarter, compared to analyst estimates of $379.74 million. Sell-side analysts forecast that Atour Lifestyle will post 2.09 EPS for the current year.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a yield of 162.0%. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s payout ratio is presently 17.74%.

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.