Atour Lifestyle (NASDAQ:ATAT) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Atour Lifestyle (NASDAQ:ATAT) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings lowered Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Morgan Stanley reissued an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a report on Tuesday, March 17th. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Finally, Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Atour Lifestyle presently has an average rating of “Moderate Buy” and an average price target of $48.00.

Atour Lifestyle Price Performance

ATAT 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. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 0.76 and a beta of 0.65. Atour Lifestyle has a 1-year low of $30.83 and a 1-year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $379.74 million. Equities analysts expect that Atour Lifestyle will post 2.09 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.54 dividend. This represents a dividend yield of 162.0%. The ex-dividend date was Friday, June 5th. This is a positive change from Atour Lifestyle’s previous annual dividend of $0.36. Atour Lifestyle’s payout ratio is presently 27.42%.

Institutional Investors Weigh In On Atour Lifestyle

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 14,453 shares during the period. American Century Companies Inc. increased its stake in Atour Lifestyle by 13.8% in 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 in the last quarter. First Trust Advisors LP acquired a new stake in Atour Lifestyle during the 2nd quarter worth about $1,586,000. Jump Financial LLC raised its holdings in 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 buying an additional 17,124 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in Atour Lifestyle by 172.5% during the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock valued at $31,700,000 after buying an additional 617,292 shares in the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.