Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) saw unusually-strong trading volume on Tuesday following a better than expected earnings announcement. Approximately 999,831 shares traded hands during mid-day trading, a decline of 6% from the previous session's volume of 1,067,490 shares.The stock last traded at $29.20 and had previously closed at $30.24.
The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%.
Wall Street Analyst Weigh In
ATAT has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on Atour Lifestyle in a report on Monday, December 9th. They set a "buy" rating and a $34.40 price target on the stock. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, 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 report on Friday, March 14th.
Check Out Our Latest Analysis on Atour Lifestyle
Institutional Trading of Atour Lifestyle
Several institutional investors and hedge funds have recently modified their holdings of ATAT. Loomis Sayles & Co. L P bought a new position in shares of Atour Lifestyle in the third quarter worth about $34,000. Public Employees Retirement System of Ohio bought a new position in shares of Atour Lifestyle in the 3rd quarter valued at about $143,000. Pictet Asset Management Holding SA purchased a new position in Atour Lifestyle in the fourth quarter worth about $155,000. AdvisorShares Investments LLC bought a new stake in Atour Lifestyle during the fourth quarter worth approximately $188,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Atour Lifestyle during the fourth quarter valued at approximately $213,000. 17.79% of the stock is currently owned by institutional investors.
Atour Lifestyle Price Performance
The firm has a market capitalization of $3.91 billion, a PE ratio of 24.53, a P/E/G ratio of 0.59 and a beta of 0.37. The business has a 50-day simple moving average of $29.18 and a 200-day simple moving average of $27.04.
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.
Featured Stories
Before you consider Atour Lifestyle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atour Lifestyle wasn't on the list.
While Atour Lifestyle currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
