Atour Lifestyle (NASDAQ:ATAT) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Atour Lifestyle (NASDAQ:ATAT) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Atour Lifestyle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Zacks Research lowered shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $32.41 on Friday. The business’s fifty day moving average is $33.77 and its two-hundred day moving average is $35.15. The firm has a market cap of $4.46 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.88 and a beta of 0.63. Atour Lifestyle has a 52 week low of $30.77 and a 52 week high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Thursday, August 20th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Atour Lifestyle had a return on equity of 55.00% and a net margin of 16.75%.The company had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. On average, equities research analysts predict that Atour Lifestyle will post 2.09 earnings per share for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Several large investors have recently made changes to their positions in ATAT. Goldman Sachs Group Inc. increased its position in Atour Lifestyle by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock worth $40,739,000 after purchasing an additional 14,453 shares during the period. American Century Companies Inc. lifted its position in Atour Lifestyle by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock valued at $2,231,000 after purchasing an additional 8,332 shares during the period. First Trust Advisors LP bought a new position in shares of Atour Lifestyle in the 2nd quarter valued at about $1,586,000. Jump Financial LLC boosted its stake in shares of Atour Lifestyle by 38.0% in the 2nd quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock valued at $2,022,000 after purchasing an additional 17,124 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position 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 buying an additional 617,292 shares during the period. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited is a hospitality company based in China that develops and operates a network of lifestyle hotels. The company serves business and leisure travelers through hotel accommodations, guest services and technology-enabled booking and membership platforms.

Atour’s portfolio includes its flagship Atour Hotel brand and other offerings positioned across different segments, including Atour S Hotel, Atour X Hotel and related lifestyle concepts. In addition to lodging, the company sells selected household and travel products through its retail business, extending the Atour brand beyond its hotels.

Founded in 2013, Atour has expanded its presence across major Chinese cities and travel destinations through a combination of directly operated and franchised hotels.