Atour Lifestyle (NASDAQ:ATAT) Shares Down 4.3% – Here’s What Happened
by Scott Moore · The Cerbat GemAtour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Get Free Report)’s stock price was down 4.3% during mid-day trading on Friday . The stock traded as low as $40.13 and last traded at $40.1470. Approximately 92,260 shares changed hands during trading, a decline of 89% from the average daily volume of 840,514 shares. The stock had previously closed at $41.96.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Atour Lifestyle in a report on Monday, September 29th. They set a “buy” rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price target for the company. Citigroup lifted their price objective on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Macquarie upped their target price on Atour Lifestyle from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.30.
View Our Latest Research Report on Atour Lifestyle
Atour Lifestyle Trading Down 4.7%
The firm has a 50-day simple moving average of $40.34 and a two-hundred day simple moving average of $37.75. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 0.85 and a beta of 0.80.
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last issued its earnings results on Tuesday, November 25th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $368.95 million for the quarter, compared to the consensus estimate of $340.27 million. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%. Equities research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.
Atour Lifestyle Cuts Dividend
The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a dividend yield of 84.0%. Atour Lifestyle’s dividend payout ratio (DPR) is presently 22.45%.
Institutional Trading of Atour Lifestyle
Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in Atour Lifestyle by 4.4% during the first quarter. Millennium Management LLC now owns 921,837 shares of the company’s stock valued at $26,134,000 after buying an additional 38,565 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Atour Lifestyle by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after acquiring an additional 14,453 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Atour Lifestyle during the 1st quarter valued at about $658,000. Woodline Partners LP increased its stake in shares of Atour Lifestyle by 48.6% in the 1st quarter. Woodline Partners LP now owns 239,547 shares of the company’s stock valued at $6,791,000 after purchasing an additional 78,303 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Atour Lifestyle by 147.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 18,195 shares of the company’s stock worth $592,000 after purchasing an additional 10,833 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.
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.