Zacks Research Downgrades Atour Lifestyle (NASDAQ:ATAT) to Hold

Atour Lifestyle (NASDAQ:ATAT) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on ATAT. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 target price on shares of Atour Lifestyle in a report on Tuesday, March 17th. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Wall Street Zen upgraded shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, Weiss Ratings downgraded shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Trading Up 4.6%

Shares of Atour Lifestyle stock opened at $32.46 on Tuesday. The business has a 50-day moving average price of $33.95 and a two-hundred day moving average price of $36.44. Atour Lifestyle has a 1-year low of $30.83 and a 1-year high of $43.17. The company has a market cap of $4.46 billion, a P/E ratio of 17.45, a PEG ratio of 0.76 and a beta of 0.65.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The company had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. Equities research analysts forecast that Atour Lifestyle will post 2.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. Baillie Gifford & Co. acquired a new stake in Atour Lifestyle in the 4th quarter valued at $6,973,000. AIA Group Ltd increased its stake in Atour Lifestyle by 822.9% during the 3rd quarter. AIA Group Ltd now owns 99,863 shares of the company’s stock valued at $3,754,000 after purchasing an additional 89,043 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd acquired a new position in Atour Lifestyle during the fourth quarter worth $31,756,000. Matthews International Capital Management LLC raised its holdings in Atour Lifestyle by 33.8% during the first quarter. Matthews International Capital Management LLC now owns 219,378 shares of the company’s stock worth $8,075,000 after buying an additional 55,389 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Atour Lifestyle by 43.8% in the fourth quarter. SG Americas Securities LLC now owns 702,496 shares of the company’s stock valued at $27,678,000 after buying an additional 214,099 shares in the last quarter. Institutional investors own 17.79% of the company’s stock.

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.