Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Stock Has Consensus Target Price of $46.62

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $46.62.

A number of research analysts have weighed in on the company. HSBC initiated coverage on Atour Lifestyle in a research note on Wednesday, October 7th. They issued a “buy” rating and a $39.70 price target for the company. Weiss Ratings raised Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Finally, Zacks Research cut Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th.

Institutional Trading of Atour Lifestyle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. acquired a new stake in Atour Lifestyle during the fourth quarter worth about $26,000. Hollencrest Capital Management bought a new position in Atour Lifestyle in the 1st quarter valued at about $46,000. Farther Finance Advisors LLC raised its position in shares of Atour Lifestyle by 1,309.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,804 shares of the company’s stock valued at $59,000 after buying an additional 1,676 shares in the last quarter. Nykredit A S acquired a new position in shares of Atour Lifestyle in the 2nd quarter valued at approximately $112,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Atour Lifestyle in the 1st quarter valued at approximately $269,000. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Down 0.3%

NASDAQ ATAT opened at $32.74 on Friday. The firm’s 50 day moving average is $33.61 and its 200-day moving average is $34.42. The company has a market capitalization of $4.50 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 0.87 and a beta of 0.66. Atour Lifestyle has a 12-month low of $30.77 and a 12-month high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. The business had revenue of $513.74 million during the quarter, compared to analysts’ expectations of $484.56 million. As a group, sell-side analysts expect that Atour Lifestyle will post 2.13 EPS for the current year.

About Atour Lifestyle

Atour Lifestyle Holdings Limited is a hospitality and lifestyle company headquartered in Shanghai, China. Founded in 2013, the company operates a portfolio of hotel brands designed to combine accommodation with localized cultural and lifestyle experiences.

Its hotel offerings include the Atour, Atour S, Atour Light, Atour X and other brand concepts serving different customer preferences and travel occasions. Atour also develops complementary products and services, including bedding, pillows, mattresses and other lifestyle goods sold through its hotels and online retail channels.

Atour primarily serves the Chinese market, with hotels located across major cities and other destinations in mainland China.