Atour Lifestyle (NASDAQ:ATAT) Stock Rating Lowered by Zacks Research

Atour Lifestyle (NASDAQ:ATAT) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

ATAT has been the subject of several other reports. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. 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. Finally, Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $32.46 on Tuesday. Atour Lifestyle has a 1-year low of $30.83 and a 1-year high of $43.17. The business has a fifty day moving average price of $33.95 and a 200-day moving average price of $36.44. The company has a market capitalization of $4.46 billion, a PE ratio of 17.45, a PEG ratio of 0.76 and a beta of 0.65.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $379.74 million. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. On average, sell-side analysts anticipate that Atour Lifestyle will post 2.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 worth $25,000 after acquiring an additional 580 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of Atour Lifestyle during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its position in Atour Lifestyle by 65.9% during the fourth 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. Atlas Capital Advisors Inc. bought a new position in Atour Lifestyle during the fourth quarter valued at approximately $37,000. Finally, Hollencrest Capital Management purchased a new stake in Atour Lifestyle in the first quarter worth approximately $46,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

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.