Brokerages Set Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) Price Target at $48.00

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) has been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $48.00.

ATAT has been the subject of several analyst reports. Zacks Research upgraded Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating and set a $45.00 target price on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Weiss Ratings lowered shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th.

Atour Lifestyle Trading Down 0.6%

Shares of Atour Lifestyle stock opened at $32.21 on Wednesday. The firm has a fifty day simple moving average of $34.68 and a 200-day simple moving average of $36.88. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.79 and a beta of 0.65. Atour Lifestyle has a 1-year low of $31.14 and a 1-year high of $43.17.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a net margin of 17.22% and a return on equity of 51.75%. The firm had revenue of $407.74 million for the quarter, compared to the consensus estimate of $379.74 million. As a group, research analysts predict that Atour Lifestyle will post 2.09 earnings per share for the current year.

Atour Lifestyle Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.54 dividend. This is an increase from Atour Lifestyle’s previous annual dividend of $0.36. This represents a dividend yield of 162.0%. The ex-dividend date of this dividend was Friday, June 5th. Atour Lifestyle’s dividend payout ratio (DPR) is 27.42%.

Institutional Investors Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in Atour Lifestyle by 651.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Atour Lifestyle in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $32,000 after buying an additional 325 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Atour Lifestyle during the 4th quarter worth $37,000. Finally, Hollencrest Capital Management acquired a new stake in Atour Lifestyle during the 1st quarter worth $46,000. Institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

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.