Atour Lifestyle (NASDAQ:ATAT) Research Coverage Started at Macquarie

Macquarie began coverage on shares of Atour Lifestyle (NASDAQ:ATATGet Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set an “outperform” rating and a $26.00 price target on the stock. Macquarie’s target price suggests a potential upside of 46.40% from the company’s previous close.

Separately, Bank of America cut their target price on shares of Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a research report on Monday, April 1st.

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Atour Lifestyle Trading Up 1.5 %

NASDAQ:ATAT opened at $17.76 on Monday. Atour Lifestyle has a 12 month low of $14.80 and a 12 month high of $23.31. The company has a market cap of $2.44 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 0.46 and a beta of 0.61. The company has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $18.18.

Atour Lifestyle (NASDAQ:ATATGet Free Report) last posted its earnings results on Thursday, March 28th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Atour Lifestyle had a net margin of 15.66% and a return on equity of 42.81%. The business had revenue of $212.01 million during the quarter, compared to the consensus estimate of $177.28 million. Research analysts forecast that Atour Lifestyle will post 1.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ATAT. Aspex Management HK Ltd purchased a new position in shares of Atour Lifestyle during the 4th quarter worth $61,194,000. Goldman Sachs Group Inc. boosted its stake in shares of Atour Lifestyle by 396.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after acquiring an additional 1,366,236 shares during the last quarter. Sylebra Capital LLC purchased a new position in shares of Atour Lifestyle during the 3rd quarter worth $22,073,000. Schroder Investment Management Group boosted its stake in shares of Atour Lifestyle by 287.8% during the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock worth $24,732,000 after acquiring an additional 1,057,305 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Atour Lifestyle during the 4th quarter worth $13,685,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

About Atour Lifestyle

(Get Free Report)

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.

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