Atour Lifestyle (NASDAQ:ATAT) Rating Increased to Strong-Buy at Zacks Research

Atour Lifestyle (NASDAQ:ATAT) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on ATAT. Morgan Stanley reissued an “overweight” rating and set a $45.00 price target on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. UBS Group reissued a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Finally, Weiss Ratings lowered Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, Atour Lifestyle has an average rating of “Buy” and a consensus target price of $48.00.

Atour Lifestyle Price Performance

Shares of NASDAQ:ATAT opened at $34.03 on Wednesday. The business’s 50 day simple moving average is $36.68 and its 200-day simple moving average is $38.05. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. Atour Lifestyle has a 12 month low of $29.81 and a 12 month high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly 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 business had revenue of $407.74 million for the quarter, compared to analyst estimates of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. On average, equities analysts anticipate that Atour Lifestyle will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors and hedge funds have recently bought and sold shares of ATAT. Goldman Sachs Group Inc. lifted its stake in Atour Lifestyle by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock valued at $40,739,000 after buying an additional 14,453 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Atour Lifestyle by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock worth $2,231,000 after purchasing an additional 8,332 shares during the period. First Trust Advisors LP purchased a new position in shares of Atour Lifestyle during the 2nd quarter worth $1,586,000. Jump Financial LLC lifted its stake in shares of Atour Lifestyle by 38.0% during the 2nd quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock worth $2,022,000 after purchasing an additional 17,124 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Atour Lifestyle by 172.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock worth $31,700,000 after purchasing an additional 617,292 shares during the period. Hedge funds and other 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.