Atour Lifestyle (NASDAQ:ATAT) Shares Down 4.7%

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) traded down 4.7% during mid-day trading on Monday . The company traded as low as $18.07 and last traded at $18.09. 134,148 shares traded hands during trading, a decline of 83% from the average session volume of 783,298 shares. The stock had previously closed at $18.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Macquarie assumed coverage on Atour Lifestyle in a research note on Monday, April 22nd. They set an “outperform” rating and a $26.00 price target for the company. Bank of America cut their price target on Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a research note on Monday, April 1st.

Atour Lifestyle Stock Performance

The business has a 50 day moving average price of $18.14 and a two-hundred day moving average price of $18.24. The stock has a market cap of $2.44 billion, a PE ratio of 18.28, a P/E/G ratio of 0.46 and a beta of 0.55.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Atour Lifestyle had a return on equity of 50.00% and a net margin of 18.19%. The business had revenue of $203.36 million for the quarter. As a group, research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently bought and sold shares of ATAT. Aspex Management HK Ltd bought a new stake in Atour Lifestyle during the 4th quarter valued at $61,194,000. Vanguard Group Inc. bought a new position in shares of Atour Lifestyle in the first quarter worth $35,534,000. Goldman Sachs Group Inc. increased its holdings in shares of Atour Lifestyle by 396.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after purchasing an additional 1,366,236 shares during the period. M&G Plc bought a new position in shares of Atour Lifestyle in the second quarter worth $23,181,000. Finally, Schroder Investment Management Group increased its holdings in shares of Atour Lifestyle by 287.8% in the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock worth $24,732,000 after purchasing an additional 1,057,305 shares during the period. Institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.