Atour Lifestyle (NASDAQ:ATAT) Rating Lowered to “Hold” at Wall Street Zen

Atour Lifestyle (NASDAQ:ATAT) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atour Lifestyle presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $34.36 on Friday. Atour Lifestyle has a 1-year low of $30.77 and a 1-year high of $43.17. The stock has a market cap of $4.72 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.93 and a beta of 0.63. The firm has a fifty day moving average price of $33.68 and a 200 day moving average price of $35.35.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The company had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Sell-side analysts expect that Atour Lifestyle will post 2.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

A number of large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Atour Lifestyle by 651.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after acquiring an additional 580 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Atour Lifestyle during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Atour Lifestyle by 65.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after acquiring an additional 325 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Atour Lifestyle during the fourth quarter worth about $37,000. Finally, Hollencrest Capital Management purchased a new position in Atour Lifestyle during the first quarter worth about $46,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

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.