Wall Street Zen cut shares of Atour Lifestyle (NASDAQ:ATAT – Free Report) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.
A number of other equities research analysts have also weighed in on ATAT. Zacks Research lowered Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.
Check Out Our Latest Stock Analysis on ATAT
Atour Lifestyle Stock Performance
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last issued its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $513.74 million for the quarter, compared to analysts’ expectations of $484.56 million. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. As a group, analysts forecast that Atour Lifestyle will post 2.09 EPS for the current year.
Institutional Trading of Atour Lifestyle
Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after buying an additional 14,453 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Atour Lifestyle by 13.8% during the second quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock valued at $2,231,000 after acquiring an additional 8,332 shares in the last quarter. First Trust Advisors LP purchased a new stake in Atour Lifestyle in the second quarter worth $1,586,000. Jump Financial LLC lifted its stake in Atour Lifestyle by 38.0% in the second quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock worth $2,022,000 after acquiring an additional 17,124 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in Atour Lifestyle by 172.5% in the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock valued at $31,700,000 after acquiring an additional 617,292 shares in the last quarter. 17.79% of the stock is owned by institutional investors.
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.
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