Atour Lifestyle (NASDAQ:ATAT) Sets New 52-Week Low Following Analyst Downgrade

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT)’s stock price reached a new 52-week low on Wednesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company 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.

Several other equities research analysts have also commented on ATAT. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Atour Lifestyle in a report on Tuesday, March 17th. UBS Group reiterated a “buy” rating on shares of Atour Lifestyle in a research note on Tuesday, March 17th. Wall Street Zen raised Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Finally, Weiss Ratings downgraded Atour Lifestyle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Atour Lifestyle presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Hedge Funds Weigh In On Atour Lifestyle

A number of hedge funds have recently made changes to their positions in the company. OLP CAPITAL MANAGEMENT Ltd boosted its stake in shares of Atour Lifestyle by 1.5% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 8,656,494 shares of the company’s stock worth $341,066,000 after acquiring an additional 131,886 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Atour Lifestyle by 234.2% in the 4th quarter. JPMorgan Chase & Co. now owns 3,428,240 shares of the company’s stock valued at $135,073,000 after purchasing an additional 2,402,412 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Atour Lifestyle by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 3,406,470 shares of the company’s stock valued at $134,215,000 after purchasing an additional 626,755 shares in the last quarter. WFM ASIA BVI Ltd lifted its holdings in Atour Lifestyle by 184.4% in the 4th quarter. WFM ASIA BVI Ltd now owns 3,155,425 shares of the company’s stock valued at $124,324,000 after purchasing an additional 2,045,832 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Atour Lifestyle by 64.0% during the 4th quarter. Schroder Investment Management Group now owns 2,717,894 shares of the company’s stock worth $107,085,000 after purchasing an additional 1,060,966 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

The company has a market cap of $4.48 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.79 and a beta of 0.65. The firm’s 50 day simple moving average is $33.84 and its 200-day simple moving average is $36.38.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Wednesday, May 13th. The company reported $0.48 EPS for the quarter, beating 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 net margin of 17.22% and a return on equity of 51.75%. As a group, sell-side analysts expect that Atour Lifestyle Holdings Limited Sponsored ADR will post 2.09 EPS for the current fiscal year.

Atour Lifestyle Increases Dividend

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