Brokerages Set Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Target Price at $44.68

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have earned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $44.6833.

A number of research analysts recently commented on ATAT shares. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Jefferies Financial Group initiated coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They set a “buy” rating and a $48.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on Atour Lifestyle in a research report on Wednesday, November 12th. They set an “overweight” rating and a $57.00 price objective for the company.

Hedge Funds Weigh In On Atour Lifestyle

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

Atour Lifestyle Trading Down 0.7%

Shares of ATAT stock opened at $42.44 on Friday. Atour Lifestyle has a twelve month low of $21.50 and a twelve month high of $43.17. The company has a market capitalization of $5.86 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.80. The firm has a fifty day simple moving average of $38.95 and a 200-day simple moving average of $36.60.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $368.95 million for the quarter, compared to analyst estimates of $340.27 million. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%. Equities research analysts predict that Atour Lifestyle will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

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

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.