Zacks Research Upgrades Atour Lifestyle (NASDAQ:ATAT) to “Strong-Buy”

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

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. began coverage on Atour Lifestyle in a research note on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 target price on the stock. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $41.92.

Atour Lifestyle Stock Down 2.1%

Shares of ATAT traded down $0.79 during trading hours on Tuesday, reaching $36.49. 288,574 shares of the company traded hands, compared to its average volume of 1,300,691. Atour Lifestyle has a 12 month low of $21.50 and a 12 month high of $42.34. The company’s fifty day moving average price is $38.30 and its two-hundred day moving average price is $35.24. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79.

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

Institutional Trading of Atour Lifestyle

Several institutional investors have recently bought and sold shares of ATAT. New York State Common Retirement Fund increased its stake in Atour Lifestyle by 3.7% during the 3rd quarter. New York State Common Retirement Fund now owns 14,100 shares of the company’s stock valued at $530,000 after purchasing an additional 500 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Atour Lifestyle by 3.2% during the third quarter. TD Waterhouse Canada Inc. now owns 18,084 shares of the company’s stock valued at $659,000 after buying an additional 555 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Atour Lifestyle by 651.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Atour Lifestyle during the second quarter valued at approximately $29,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Atour Lifestyle in the 1st quarter worth approximately $27,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.