Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Receives Consensus Recommendation of “Buy” from Analysts

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $48.00.

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price objective 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. Finally, Weiss Ratings cut shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in Atour Lifestyle during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its holdings in Atour Lifestyle by 65.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after purchasing an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Atour Lifestyle during the fourth quarter worth about $37,000. Finally, Hollencrest Capital Management purchased a new position in Atour Lifestyle during the first quarter worth about $46,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Trading Down 1.6%

NASDAQ:ATAT opened at $31.80 on Wednesday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.79 and a beta of 0.62. The firm has a fifty day simple moving average of $35.34 and a two-hundred day simple moving average of $37.20. Atour Lifestyle has a 12 month low of $31.14 and a 12 month high of $43.17.

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, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $407.74 million during 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%. Equities analysts predict that Atour Lifestyle will post 2.09 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a dividend of $0.54 per share. This represents a yield of 162.0%. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. The ex-dividend date was Friday, June 5th. Atour Lifestyle’s dividend payout ratio is presently 27.42%.

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.