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

Wall Street Zen upgraded shares of Atour Lifestyle (NASDAQ:ATATFree Report) from a hold rating to a buy rating in a research note released on Sunday morning,Wall Street Zen reports.

ATAT has been the topic of a number of other reports. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Zacks Research cut Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle has an average rating of “Moderate Buy” and an average price target of $48.00.

Read Our Latest Stock Report on Atour Lifestyle

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $31.30 on Friday. Atour Lifestyle has a 52 week low of $30.77 and a 52 week high of $43.17. The stock’s 50 day moving average price is $33.76 and its two-hundred day moving average price is $35.03. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 0.88 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATATGet Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. On average, equities research analysts forecast that Atour Lifestyle will post 2.09 EPS for the current year.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds have recently added to or reduced their stakes in the business. WFM ASIA BVI Ltd bought a new stake in Atour Lifestyle during the 2nd quarter valued at $99,575,000. Norges Bank bought a new position in shares of Atour Lifestyle in the fourth quarter valued at $24,363,000. Mawer Investment Management Ltd. acquired a new position in shares of Atour Lifestyle during the fourth quarter valued at about $18,894,000. BRIGHT VALLEY CAPITAL Ltd grew its holdings in shares of Atour Lifestyle by 211.2% during the fourth quarter. BRIGHT VALLEY CAPITAL Ltd now owns 597,500 shares of the company’s stock valued at $23,542,000 after buying an additional 405,500 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in shares of Atour Lifestyle during the first quarter worth about $14,028,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Company Profile

(Get Free Report)

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour’s portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.

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Analyst Recommendations for Atour Lifestyle (NASDAQ:ATAT)

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