Atour Lifestyle (NASDAQ:ATAT) Earns Outperform Rating from Analysts at Macquarie

Macquarie started coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a report released on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $26.00 price objective on the stock.

Separately, Bank of America cut their price target on shares of Atour Lifestyle from $25.00 to $23.70 and set a buy rating for the company in a report on Monday, April 1st.

Atour Lifestyle Stock Up 3.8 %

ATAT stock opened at $18.43 on Monday. The company has a market capitalization of $2.54 billion, a P/E ratio of 25.60, a PEG ratio of 0.46 and a beta of 0.60. The company has a 50-day simple moving average of $18.70 and a 200 day simple moving average of $18.18. Atour Lifestyle has a fifty-two week low of $14.80 and a fifty-two week high of $23.00.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Thursday, March 28th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Atour Lifestyle had a net margin of 15.66% and a return on equity of 42.81%. The company had revenue of $212.01 million during the quarter, compared to the consensus estimate of $177.28 million. Equities analysts anticipate that Atour Lifestyle will post 1.04 EPS for the current year.

Institutional Trading of Atour Lifestyle

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in Atour Lifestyle during the 4th quarter worth about $25,000. Castleview Partners LLC acquired a new stake in Atour Lifestyle during the 3rd quarter worth about $39,000. New York State Common Retirement Fund acquired a new stake in Atour Lifestyle during the 4th quarter worth about $42,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Atour Lifestyle during the 1st quarter worth about $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Atour Lifestyle during the 3rd quarter worth about $63,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

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.