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

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.90.

Several research firms recently weighed in on ATAT. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a report on Saturday, September 27th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Jefferies Financial Group initiated coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They issued a “buy” rating and a $48.00 price target for the company.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $36.04 on Monday. Atour Lifestyle has a 1 year low of $21.50 and a 1 year high of $40.39. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 1.21 and a beta of 0.79. The firm has a fifty day moving average of $36.99 and a 200-day moving average of $32.31.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $344.49 million during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle had a net margin of 16.52% and a return on equity of 45.66%. Atour Lifestyle has set its FY 2025 guidance at EPS. Analysts predict that Atour Lifestyle will post 1.24 EPS for the current year.

Institutional Trading of Atour Lifestyle

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Atour Lifestyle during the 1st quarter worth about $809,000. Principal Financial Group Inc. acquired a new stake in Atour Lifestyle during the 1st quarter worth about $68,322,000. The Manufacturers Life Insurance Company increased its holdings in shares of Atour Lifestyle by 867.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 645,399 shares of the company’s stock valued at $18,297,000 after purchasing an additional 578,697 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Atour Lifestyle in the first quarter worth approximately $1,030,000. Finally, BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of Atour Lifestyle during the first quarter worth approximately $8,505,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

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.