Atour Lifestyle (NASDAQ:ATAT) Trading 3.6% Higher

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) traded up 3.6% on Monday . The company traded as high as $17.70 and last traded at $17.70. 492,512 shares were traded during trading, a decline of 32% from the average session volume of 724,599 shares. The stock had previously closed at $17.08.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America lowered their price target on Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating on the stock in a research report on Monday, April 1st. Macquarie assumed coverage on Atour Lifestyle in a research report on Monday, April 22nd. They set an “outperform” rating and a $26.00 price target on the stock.

Atour Lifestyle Stock Up 7.2 %

The company has a market cap of $2.52 billion, a P/E ratio of 18.88, a PEG ratio of 0.43 and a beta of 0.55. The business has a fifty day moving average price of $17.97 and a 200-day moving average price of $18.01.

Atour Lifestyle (NASDAQ:ATAT) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Atour Lifestyle had a return on equity of 50.00% and a net margin of 18.19%. The company had revenue of $203.36 million during the quarter. As a group, research analysts expect that Atour Lifestyle Holdings Limited will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors have recently made changes to their positions in ATAT. Aspex Management HK Ltd bought a new stake in shares of Atour Lifestyle in the fourth quarter valued at approximately $61,194,000. Vanguard Group Inc. bought a new stake in Atour Lifestyle during the first quarter worth $35,534,000. Goldman Sachs Group Inc. lifted its stake in Atour Lifestyle by 396.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after purchasing an additional 1,366,236 shares during the last quarter. Sylebra Capital LLC lifted its stake in Atour Lifestyle by 0.8% during the first quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company’s stock worth $27,108,000 after purchasing an additional 11,780 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Atour Lifestyle by 287.8% during the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock worth $24,732,000 after purchasing an additional 1,057,305 shares during the last quarter. Institutional investors own 17.79% of the company’s stock.

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.