Atour Lifestyle (NASDAQ:ATAT) Trading 6.7% Higher on Earnings Beat

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s stock price traded up 6.7% during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $38.10 and last traded at $37.2860. 1,604,976 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 1,120,812 shares. The stock had previously closed at $34.94.

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 analyst estimates of $397.20 million. Atour Lifestyle had a net margin of 16.58% and a return on equity of 47.83%.

Wall Street Analysts Forecast Growth

ATAT has been the topic of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price objective on shares of Atour Lifestyle in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, January 21st. Macquarie Infrastructure upped their price target on shares of Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Hedge Funds Weigh In On Atour Lifestyle

Several hedge funds have recently made changes to their positions in ATAT. Goldman Sachs Group Inc. lifted its position in shares of Atour Lifestyle by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle in the 2nd quarter valued at $3,251,000. TD Waterhouse Canada Inc. increased its stake in Atour Lifestyle by 1,084.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,529 shares of the company’s stock valued at $574,000 after buying an additional 16,049 shares during the last quarter. WFM ASIA BVI Ltd lifted its position in Atour Lifestyle by 99.9% during the 2nd quarter. WFM ASIA BVI Ltd now owns 1,229,893 shares of the company’s stock worth $39,984,000 after buying an additional 614,600 shares in the last quarter. Finally, Prudential PLC boosted its stake in shares of Atour Lifestyle by 1.5% during the 2nd quarter. Prudential PLC now owns 709,596 shares of the company’s stock worth $23,069,000 after buying an additional 10,571 shares during the last quarter. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Trading Up 0.6%

The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 0.77 and a beta of 0.76. The stock’s 50 day moving average price is $37.75 and its 200 day moving average price is $38.72.

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.