Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) – What Are Investment Firms Saying About This Stock?

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $46.62.

Several equities research analysts have issued reports on ATAT shares. HSBC assumed coverage on shares of Atour Lifestyle in a report on Wednesday, October 7th. They issued a “buy” rating and a $39.70 price target on the stock. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Finally, Weiss Ratings upgraded shares of Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th.

Hedge Funds Weigh In On Atour Lifestyle

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle in the 4th quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in Atour Lifestyle in the third quarter valued at $26,000. Hollencrest Capital Management acquired a new position in Atour Lifestyle during the first quarter worth $46,000. Farther Finance Advisors LLC raised its stake in Atour Lifestyle by 1,309.4% during the third quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company’s stock worth $59,000 after acquiring an additional 1,676 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Atour Lifestyle in the 2nd quarter valued at $112,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Trading Up 4.0%

ATAT opened at $33.82 on Tuesday. The stock has a market cap of $4.65 billion, a PE ratio of 16.66, a P/E/G ratio of 0.85 and a beta of 0.66. Atour Lifestyle has a 1 year low of $30.07 and a 1 year high of $43.17. The stock’s 50 day simple moving average is $33.03 and its 200-day simple moving average is $35.04.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $513.74 million during the quarter, compared to analysts’ expectations of $484.56 million. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%. Equities analysts forecast that Atour Lifestyle will post 2.16 earnings per share for the current fiscal year.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour’s portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.