Atour Lifestyle (NASDAQ:ATAT) Rating Increased to Strong-Buy at Zacks Research

Atour Lifestyle (NASDAQ:ATAT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Morgan Stanley restated an “overweight” rating and set a $45.00 price objective on shares of Atour Lifestyle in a report on Tuesday, March 17th. Finally, UBS Group restated a “buy” rating on shares of Atour Lifestyle in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $48.00.

Atour Lifestyle Trading Down 3.5%

NASDAQ ATAT opened at $34.03 on Wednesday. The business’s 50-day moving average price is $36.68 and its 200 day moving average price is $38.05. Atour Lifestyle has a twelve month low of $29.81 and a twelve month high of $43.17. The company has a market capitalization of $4.70 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The firm had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. Equities analysts predict that Atour Lifestyle will post 2.09 EPS for the current year.

Institutional Trading of Atour Lifestyle

Several large investors have recently added to or reduced their stakes in the stock. OLP CAPITAL MANAGEMENT Ltd increased its holdings in Atour Lifestyle by 1.5% in the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 8,656,494 shares of the company’s stock valued at $341,066,000 after purchasing an additional 131,886 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Atour Lifestyle by 234.2% in the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock valued at $135,073,000 after purchasing an additional 2,402,412 shares in the last quarter. Vanguard Group Inc. increased its holdings in Atour Lifestyle by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 3,406,470 shares of the company’s stock valued at $134,215,000 after purchasing an additional 626,755 shares in the last quarter. WFM ASIA BVI Ltd increased its holdings in Atour Lifestyle by 184.4% in the 4th quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock valued at $124,324,000 after purchasing an additional 2,045,832 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Atour Lifestyle by 64.0% in the 4th quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company’s stock valued at $107,085,000 after purchasing an additional 1,060,966 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

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.