Atour Lifestyle (NASDAQ:ATAT) Sets New 1-Year Low – Here’s Why

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $31.38 and last traded at $32.1330, with a volume of 27729 shares changing hands. The stock had previously closed at $31.81.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, Atour Lifestyle has an average rating of “Buy” and an average target price of $48.00.

Atour Lifestyle Price Performance

The company’s 50-day simple moving average is $35.96 and its 200-day simple moving average is $37.63. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.81 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $407.74 million during the quarter, compared to analysts’ expectations of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. Research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a yield of 162.0%. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s payout ratio is currently 27.42%.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle in the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its holdings in Atour Lifestyle by 65.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $32,000 after purchasing an additional 325 shares during the period. Assetmark Inc. bought a new stake in Atour Lifestyle in the 3rd quarter valued at about $37,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Atour Lifestyle during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

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.