Atour Lifestyle (NASDAQ:ATAT) Coverage Initiated by Analysts at Macquarie

Macquarie started coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note published on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $26.00 price objective on the stock.

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

Atour Lifestyle Price Performance

ATAT opened at $18.41 on Monday. The company’s 50 day moving average price is $18.70 and its two-hundred day moving average price is $18.18. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 0.47 and a beta of 0.60. Atour Lifestyle has a fifty-two week low of $14.80 and a fifty-two week high of $23.00.

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

Institutional Investors Weigh In On Atour Lifestyle

Several large investors have recently modified their holdings of ATAT. E Fund Management Hong Kong Co. Ltd. acquired a new position in Atour Lifestyle in the first quarter valued at $47,000. Quadrature Capital Ltd bought a new position in shares of Atour Lifestyle in the 4th quarter worth about $260,000. Goldman Sachs Group Inc. lifted its stake in shares of Atour Lifestyle by 396.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock valued at $29,702,000 after purchasing an additional 1,366,236 shares during the period. FACT Capital LP lifted its stake in shares of Atour Lifestyle by 14.3% in the 4th quarter. FACT Capital LP now owns 509,230 shares of the company’s stock valued at $8,840,000 after purchasing an additional 63,903 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Atour Lifestyle during the 4th quarter valued at about $11,312,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

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.