Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $48.00.

A number of brokerages have commented on ATAT. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings cut Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday.

Atour Lifestyle Stock Performance

NASDAQ:ATAT opened at $32.41 on Monday. The firm’s 50-day moving average is $33.77 and its 200-day moving average is $35.15. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.88 and a beta of 0.63. Atour Lifestyle has a 52-week low of $30.77 and a 52-week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The business had revenue of $513.74 million during the quarter, compared to analysts’ expectations of $484.56 million. Equities analysts predict that Atour Lifestyle will post 2.09 EPS for the current year.

Hedge Funds Weigh In On Atour Lifestyle

A number of hedge funds have recently made changes to their positions in ATAT. Rockefeller Capital Management L.P. acquired a new stake in shares of Atour Lifestyle during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its stake in Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares during the period. EverSource Wealth Advisors LLC raised its position in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after purchasing an additional 325 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Atour Lifestyle during the fourth quarter worth about $37,000. Finally, Hollencrest Capital Management bought a new position in Atour Lifestyle during the first quarter worth about $46,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour’s portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.