Atour Lifestyle (NASDAQ:ATAT) Hits New 52-Week High – Still a Buy?

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) reached a new 52-week high during trading on Friday . The stock traded as high as $43.17 and last traded at $42.8820, with a volume of 486408 shares changing hands. The stock had previously closed at $41.70.

Analyst Ratings Changes

A number of research analysts have weighed in on ATAT shares. Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Jefferies Financial Group started coverage on Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 price target for the company. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Citigroup raised their price objective on Atour Lifestyle from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. initiated coverage on Atour Lifestyle in a research note on Wednesday, November 12th. They set an “overweight” rating and a $57.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $44.68.

Atour Lifestyle Trading Up 2.5%

The company has a fifty day moving average of $38.82 and a 200-day moving average of $36.49. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.16 and a beta of 0.80.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $368.95 million for the quarter, compared to the consensus estimate of $340.27 million. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%. As a group, equities research analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a $0.36 dividend. The ex-dividend date is Friday, December 5th. This represents a yield of 84.0%. Atour Lifestyle’s dividend payout ratio (DPR) is presently 22.45%.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds have recently modified their holdings of ATAT. New York State Common Retirement Fund boosted its position in Atour Lifestyle by 3.7% during the third quarter. New York State Common Retirement Fund now owns 14,100 shares of the company’s stock worth $530,000 after acquiring an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Atour Lifestyle by 3.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 18,084 shares of the company’s stock valued at $659,000 after acquiring an additional 555 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Atour Lifestyle by 651.7% in the 3rd 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 in the last quarter. Hollencrest Capital Management acquired a new position in shares of Atour Lifestyle during the 2nd quarter worth approximately $29,000. Finally, Assetmark Inc. purchased a new stake in shares of Atour Lifestyle in the third quarter valued at approximately $37,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.