Atour Lifestyle (NASDAQ:ATAT) Coverage Initiated at Macquarie

Macquarie initiated coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $26.00 price target on the stock.

Separately, Bank of America cut their target price on Atour Lifestyle from $25.00 to $23.70 and set a buy rating on the stock in a research note on Monday, April 1st.

Atour Lifestyle Price Performance

ATAT opened at $18.41 on Monday. Atour Lifestyle has a fifty-two week low of $14.80 and a fifty-two week high of $23.00. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.47 and a beta of 0.60. The firm has a 50 day simple moving average of $18.70 and a 200 day simple moving average of $18.18.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Thursday, March 28th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Atour Lifestyle had a net margin of 15.66% and a return on equity of 42.81%. The company had revenue of $212.01 million during the quarter, compared to analysts’ expectations of $177.28 million. As a group, analysts expect that Atour Lifestyle will post 1.04 EPS for the current year.

Hedge Funds Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aspex Management HK Ltd acquired a new stake in Atour Lifestyle during the 4th quarter worth $61,194,000. Goldman Sachs Group Inc. increased its holdings in shares of Atour Lifestyle by 396.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after acquiring an additional 1,366,236 shares in the last quarter. Sylebra Capital LLC acquired a new stake in shares of Atour Lifestyle during the third quarter worth about $22,073,000. Schroder Investment Management Group lifted its holdings in shares of Atour Lifestyle by 287.8% during the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after purchasing an additional 1,057,305 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Atour Lifestyle in the 4th quarter valued at approximately $13,685,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.