Atour Lifestyle (NASDAQ:ATAT) Hits New 52-Week Low – Here’s What Happened

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) reached a new 52-week low on Tuesday . The company traded as low as $31.38 and last traded at $32.1330, with a volume of 27729 shares trading hands. The stock had previously closed at $31.81.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ATAT shares. Morgan Stanley reissued an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $48.00.

Atour Lifestyle Stock Up 1.2%

The firm has a 50 day moving average of $35.96 and a two-hundred day moving average of $37.63. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. The firm had revenue of $407.74 million during the quarter, compared to the consensus estimate of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. Sell-side analysts forecast that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a dividend of $0.54 per share. The ex-dividend date was Friday, June 5th. This represents a yield of 162.0%. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s dividend payout ratio is currently 27.42%.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas acquired a new stake in Atour Lifestyle in the first quarter valued at approximately $398,000. Lazard Asset Management LLC lifted its stake in shares of Atour Lifestyle by 3.6% in the 1st quarter. Lazard Asset Management LLC now owns 434,608 shares of the company’s stock valued at $15,998,000 after acquiring an additional 15,214 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Atour Lifestyle in the 1st quarter valued at $10,171,000. CI Investments Inc. acquired a new stake in shares of Atour Lifestyle during the 1st quarter valued at $14,028,000. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of Atour Lifestyle during the 1st quarter valued at $2,880,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

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.