Atour Lifestyle (NASDAQ:ATAT) Earns Outperform Rating from Analysts at CLSA

CLSA began coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note issued on Friday. The firm set an “outperform” rating and a $49.00 price target on the stock. CLSA’s target price would indicate a potential upside of 24.37% from the stock’s previous close.

A number of other research firms have also recently issued reports on ATAT. JPMorgan Chase & Co. initiated coverage on shares of Atour Lifestyle in a report on Wednesday, November 12th. They issued an “overweight” rating and a $57.00 price target for the company. Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Macquarie lifted their target price on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Citigroup increased their price target on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Jefferies Financial Group started coverage on shares of Atour Lifestyle in a research note on Monday, September 29th. They set a “buy” rating and a $48.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.30.

Atour Lifestyle Stock Performance

ATAT stock opened at $39.40 on Friday. The firm has a 50-day simple moving average of $40.07 and a two-hundred day simple moving average of $37.40. Atour Lifestyle has a one year low of $21.50 and a one year high of $43.17. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.07 and a beta of 0.79.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Atour Lifestyle had a net margin of 16.21% and a return on equity of 44.62%. The business had revenue of $368.95 million for the quarter, compared to analyst estimates of $340.27 million. As a group, equities analysts predict that Atour Lifestyle will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors have recently modified their holdings of ATAT. OLP CAPITAL MANAGEMENT Ltd lifted its stake in Atour Lifestyle by 6.4% in the 3rd quarter. OLP CAPITAL MANAGEMENT Ltd now owns 8,524,608 shares of the company’s stock worth $320,440,000 after purchasing an additional 509,267 shares in the last quarter. Aspex Management HK Ltd grew its position in shares of Atour Lifestyle by 17.8% in the second quarter. Aspex Management HK Ltd now owns 5,314,881 shares of the company’s stock valued at $172,787,000 after purchasing an additional 804,245 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Atour Lifestyle by 2.1% in the third quarter. Vanguard Group Inc. now owns 2,779,715 shares of the company’s stock valued at $104,489,000 after purchasing an additional 56,002 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its position in Atour Lifestyle by 986.9% during the third quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,290,136 shares of the company’s stock worth $86,086,000 after buying an additional 2,079,436 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Atour Lifestyle by 44.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,995,943 shares of the company’s stock worth $75,027,000 after buying an additional 614,343 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

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.