Atour Lifestyle (NASDAQ:ATAT – Get Free Report) was downgraded by Wall Street Zen from a “strong-buy” rating to a “hold” rating in a report released on Friday.

Several other research analysts also recently commented on the stock. Bank of America boosted their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research report on Friday, March 14th. UBS Group set a $37.30 price target on Atour Lifestyle and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Citigroup restated a “buy” rating and set a $38.00 price objective (up from $36.50) on shares of Atour Lifestyle in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.63.

Check Out Our Latest Stock Report on Atour Lifestyle

Atour Lifestyle Stock Up 1.6%

ATAT stock opened at $31.89 on Friday. Atour Lifestyle has a 52 week low of $15.22 and a 52 week high of $34.23. The business has a 50-day simple moving average of $26.93 and a 200 day simple moving average of $27.52. The company has a market cap of $4.41 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The firm had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. On average, analysts anticipate that Atour Lifestyle will post 1.24 EPS for the current fiscal year.

Atour Lifestyle announced that its board has authorized a share repurchase program on Thursday, May 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. OLP CAPITAL MANAGEMENT Ltd increased its holdings in Atour Lifestyle by 17.1% in the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company’s stock worth $193,672,000 after purchasing an additional 1,052,822 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Atour Lifestyle by 1,544.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company’s stock worth $195,206,000 after purchasing an additional 6,466,787 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Atour Lifestyle by 8.3% during the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company’s stock worth $95,044,000 after purchasing an additional 269,656 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Atour Lifestyle by 3,189.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company’s stock valued at $73,227,000 after buying an additional 2,504,461 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Atour Lifestyle in the 1st quarter valued at approximately $68,322,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

(Get Free Report)

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.

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