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

Wall Street Zen upgraded shares of Atour Lifestyle (NASDAQ:ATAT) from a hold rating to a buy rating in a research note published on Sunday morning.

A number of other research firms have also weighed in on ATAT. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. CLSA started coverage on shares of Atour Lifestyle in a report on Friday, January 2nd. They set an “outperform” rating and a $49.00 price target for the company. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Atour Lifestyle currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Atour Lifestyle Stock Performance

NASDAQ:ATAT opened at $34.92 on Friday. Atour Lifestyle has a 12-month low of $21.50 and a 12-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 stock has a fifty day moving average price of $37.38 and a 200 day moving average price of $38.57.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The company 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%. Equities analysts forecast that Atour Lifestyle will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLP CAPITAL MANAGEMENT Ltd increased its stake in Atour Lifestyle by 1.5% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 8,656,494 shares of the company’s stock valued at $341,066,000 after purchasing an additional 131,886 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Atour Lifestyle by 234.2% during the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock worth $135,073,000 after buying an additional 2,402,412 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Atour Lifestyle by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 3,406,470 shares of the company’s stock valued at $134,215,000 after buying an additional 626,755 shares in the last quarter. WFM ASIA BVI Ltd boosted its holdings in shares of Atour Lifestyle by 184.4% in the 4th quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock valued at $124,324,000 after buying an additional 2,045,832 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Atour Lifestyle by 64.0% in the 4th quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company’s stock valued at $107,085,000 after buying an additional 1,060,966 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

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.