Atour Lifestyle (NASDAQ:ATAT) Sets New 1-Year Low on Analyst Downgrade

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) shares hit a new 52-week low during mid-day trading on Wednesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $30.83 and last traded at $32.6790, with a volume of 40805 shares. The stock had previously closed at $31.03.

ATAT has been the subject of several other research reports. UBS Group reaffirmed a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Weiss Ratings cut Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a research report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Institutional Trading of Atour Lifestyle

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Atour Lifestyle by 651.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 669 shares of the company’s stock valued at $25,000 after buying an additional 580 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Atour Lifestyle in the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its position in Atour Lifestyle by 65.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 818 shares of the company’s stock worth $32,000 after acquiring an additional 325 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Atour Lifestyle during the fourth quarter worth $37,000. Finally, Hollencrest Capital Management acquired a new stake in Atour Lifestyle during the first quarter worth $46,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Up 0.4%

The stock has a 50-day simple moving average of $33.84 and a 200 day simple moving average of $36.38. The company has a market cap of $4.48 billion, a PE ratio of 17.53, a P/E/G ratio of 0.79 and a beta of 0.65.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $407.74 million during the quarter, compared to analysts’ expectations of $379.74 million. Atour Lifestyle had a return on equity of 51.75% and a net margin of 17.22%. As a group, research analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 earnings per share for the current fiscal year.

Atour Lifestyle Increases Dividend

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

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.