Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down – Should You Sell?

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) gapped down prior to trading on Thursday . The stock had previously closed at $37.00, but opened at $34.05. Atour Lifestyle shares last traded at $36.03, with a volume of 277,289 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ATAT shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a research report on Thursday, August 13th. Zacks Research downgraded shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Atour Lifestyle Trading Up 1.5%

The company’s 50 day simple moving average is $33.22 and its 200-day simple moving average is $35.58. The firm has a market cap of $4.78 billion, a P/E ratio of 17.12, a PEG ratio of 0.95 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 54.31%. The firm had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. On average, sell-side analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WFM ASIA BVI Ltd purchased a new position in shares of Atour Lifestyle during the 2nd quarter valued at about $99,575,000. JPMorgan Chase & Co. grew its stake in shares of Atour Lifestyle by 234.2% during the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock valued at $135,073,000 after acquiring an additional 2,402,412 shares during the period. 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 worth $107,085,000 after acquiring an additional 1,060,966 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new stake in Atour Lifestyle in the 4th quarter worth approximately $31,756,000. Finally, Bank of Montreal Can bought a new stake in Atour Lifestyle during the 4th quarter worth approximately $28,828,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

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.