Atour Lifestyle (NASDAQ:ATAT) Hits New 12-Month Low – Here’s What Happened

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $31.04 and last traded at $31.8080, with a volume of 693075 shares. The stock had previously closed at $32.21.

Analysts Set New Price Targets

Several equities analysts have weighed in on ATAT shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Atour Lifestyle in a report on Tuesday, March 17th. UBS Group restated a “buy” rating on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Weiss Ratings cut shares of Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Zacks Research raised shares of Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, Atour Lifestyle has an average rating of “Buy” and an average target price of $48.00.

Atour Lifestyle Trading Down 1.1%

The company has a market cap of $4.38 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. The company has a 50 day moving average price of $34.68 and a 200-day moving average price of $36.88.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%.The business had revenue of $407.74 million for the quarter, compared to analyst estimates of $379.74 million. Equities analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR 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 dividend of $0.54 per share. This is a boost from Atour Lifestyle’s previous annual dividend of $0.36. The ex-dividend date of this dividend was Friday, June 5th. This represents a dividend yield of 162.0%. Atour Lifestyle’s payout ratio is presently 27.42%.

Institutional Trading of Atour Lifestyle

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Atour Lifestyle by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,437,014 shares of the company’s stock valued at $40,739,000 after purchasing an additional 14,453 shares during the period. American Century Companies Inc. lifted its holdings in Atour Lifestyle by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 68,633 shares of the company’s stock worth $2,231,000 after buying an additional 8,332 shares during the period. First Trust Advisors LP acquired a new position in Atour Lifestyle during the 2nd quarter worth about $1,586,000. Jump Financial LLC grew its position in shares of Atour Lifestyle by 38.0% in the 2nd quarter. Jump Financial LLC now owns 62,192 shares of the company’s stock valued at $2,022,000 after buying an additional 17,124 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Atour Lifestyle by 172.5% in the second quarter. Qube Research & Technologies Ltd now owns 975,098 shares of the company’s stock valued at $31,700,000 after buying an additional 617,292 shares during the period. Institutional investors and hedge funds 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.