Brokerages Set Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) PT at $48.00

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $48.00.

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Zacks Research downgraded Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position 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 acquiring an additional 580 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Atour Lifestyle in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $32,000 after purchasing an additional 325 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Atour Lifestyle in the fourth quarter worth $37,000. Finally, Hollencrest Capital Management bought a new stake in shares of Atour Lifestyle in the first quarter worth $46,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $34.33 on Friday. Atour Lifestyle has a 52 week low of $30.77 and a 52 week high of $43.17. The company’s 50 day moving average price is $32.95 and its two-hundred day moving average price is $35.84. The company has a market capitalization of $4.72 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 0.95 and a beta of 0.65.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The company had revenue of $407.74 million during the quarter, compared to analysts’ expectations of $379.74 million. Analysts forecast that Atour Lifestyle will post 2.1 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a dividend of $0.54 per share. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. This represents a dividend yield of 162.0%. The ex-dividend date of this dividend was Friday, June 5th. Atour Lifestyle’s payout ratio is currently 27.42%.

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.