Atour Lifestyle (NASDAQ:ATAT) Shares Gap Up – Here’s What Happened

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) gapped up prior to trading on Monday . The stock had previously closed at $34.19, but opened at $35.83. Atour Lifestyle shares last traded at $35.3160, with a volume of 355,950 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Atour Lifestyle in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.00.

Atour Lifestyle Stock Up 2.8%

The business’s fifty day moving average is $33.03 and its two-hundred day moving average is $35.61. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.94 and a beta of 0.63.

Hedge Funds Weigh In On Atour Lifestyle

Several institutional investors have recently modified their holdings of ATAT. Rockefeller Capital Management L.P. acquired a new stake in shares of Atour Lifestyle in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its stake in Atour Lifestyle by 651.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Atour Lifestyle by 65.9% during the 4th 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. purchased a new stake in Atour Lifestyle during the 4th quarter worth about $37,000. Finally, Hollencrest Capital Management purchased a new stake in Atour Lifestyle during the 1st 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 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.