Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down – Should You Sell?

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) gapped down prior to trading on Thursday . The stock had previously closed at $37.00, but opened at $34.05. Atour Lifestyle shares last traded at $36.03, with a volume of 277,289 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ATAT shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atour Lifestyle in a report on Thursday, August 13th. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Atour Lifestyle Price Performance

The company has a 50 day moving average price of $33.18 and a 200 day moving average price of $35.60. The firm has a market cap of $4.87 billion, a PE ratio of 19.05, a PEG ratio of 0.97 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $513.74 million for the quarter, compared to analyst estimates of $484.56 million. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. On average, equities analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AIA Group Ltd lifted its holdings in shares of Atour Lifestyle by 25.6% in the 1st quarter. AIA Group Ltd now owns 180,407 shares of the company’s stock valued at $6,641,000 after buying an additional 36,735 shares during the period. Matthews International Capital Management LLC raised its position in Atour Lifestyle by 33.8% in the first quarter. Matthews International Capital Management LLC now owns 219,378 shares of the company’s stock worth $8,075,000 after acquiring an additional 55,389 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in Atour Lifestyle in the first quarter valued at $2,880,000. Broad Peak Investment Advisers Pte Ltd acquired a new stake in Atour Lifestyle in the fourth quarter valued at $31,756,000. Finally, CI Investments Inc. purchased a new stake in shares of Atour Lifestyle during the 1st quarter worth $14,028,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

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.