Atour Lifestyle (NASDAQ:ATAT) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note published on Wednesday morning, MarketBeat reports. The firm issued an overweight rating and a $57.00 price target on the stock.

Other equities research analysts have also issued reports about the company. 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 objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. Zacks Research raised Atour Lifestyle from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. Finally, Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.92.

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT traded down $0.16 during mid-day trading on Wednesday, hitting $40.33. The company had a trading volume of 904,382 shares, compared to its average volume of 1,309,218. Atour Lifestyle has a 12 month low of $21.50 and a 12 month high of $42.34. The firm has a market cap of $5.57 billion, a P/E ratio of 29.22, a PEG ratio of 1.30 and a beta of 0.79. The business’s 50-day simple moving average is $38.37 and its 200-day simple moving average is $34.73.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%.The company had revenue of $344.49 million during the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Atour Lifestyle will post 1.24 EPS for the current year.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors and hedge funds have recently made changes to their positions in ATAT. Greenwoods Asset Management Hong Kong Ltd. increased its position in Atour Lifestyle by 986.9% in the third quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock worth $86,086,000 after purchasing an additional 2,079,436 shares during the period. SG Americas Securities LLC raised its stake in shares of Atour Lifestyle by 11,289.7% during the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company’s stock worth $45,211,000 after buying an additional 1,378,476 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. acquired a new position in Atour Lifestyle in the second quarter valued at approximately $29,259,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Atour Lifestyle by 173.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,381,600 shares of the company’s stock valued at $44,916,000 after buying an additional 877,153 shares during the period. Finally, Norges Bank acquired a new stake in Atour Lifestyle during the 2nd quarter worth $27,627,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

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.