Atour Lifestyle (NASDAQ:ATAT) Lowered to Hold Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Atour Lifestyle (NASDAQ:ATAT – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

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

Read Our Latest Analysis on ATAT

Atour Lifestyle Price Performance

ATAT opened at $34.36 on Friday. The firm has a fifty day moving average price of $33.68 and a 200 day moving average price of $35.38. 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.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.59 earnings per share 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 during the quarter, compared to analysts’ expectations of $484.56 million. Equities analysts expect that Atour Lifestyle will post 2.09 EPS for the current year.

Institutional Investors Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AIA Group Ltd lifted its stake in shares of Atour Lifestyle by 25.6% in the first quarter. AIA Group Ltd now owns 180,407 shares of the company’s stock worth $6,641,000 after buying an additional 36,735 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in Atour Lifestyle during the 1st quarter valued at about $2,880,000. Matthews International Capital Management LLC grew its stake in Atour Lifestyle by 33.8% during the 1st quarter. Matthews International Capital Management LLC now owns 219,378 shares of the company’s stock valued at $8,075,000 after acquiring an additional 55,389 shares in the last quarter. CI Investments Inc. acquired a new stake in Atour Lifestyle in the 1st quarter valued at about $14,028,000. Finally, Principal Financial Group Inc. raised its holdings in Atour Lifestyle by 19.9% in the 1st quarter. Principal Financial Group Inc. now owns 977,996 shares of the company’s stock valued at $36,000,000 after acquiring an additional 162,574 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

(Get Free Report)

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.

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