Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) shot up 7.3% during mid-day trading on Monday . The company traded as high as $24.76 and last traded at $23.84. 642,471 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,178,915 shares. The stock had previously closed at $22.21.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in 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 research report on Thursday, March 6th. Bank of America boosted their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th.
Get Our Latest Report on ATAT
Atour Lifestyle Price Performance
The business's fifty day moving average price is $28.45 and its 200 day moving average price is $27.36. The stock has a market cap of $3.29 billion, a P/E ratio of 20.64, a PEG ratio of 0.59 and a beta of 0.51.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.
Institutional Trading of Atour Lifestyle
Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP bought a new position in Atour Lifestyle in the 3rd quarter valued at about $1,251,000. Sanctuary Advisors LLC purchased a new stake in Atour Lifestyle in the 4th quarter valued at $1,344,000. JPMorgan Chase & Co. lifted its stake in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after acquiring an additional 402,974 shares in the last quarter. Prudential Financial Inc. purchased a new position in Atour Lifestyle during the 4th quarter worth $1,718,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Atour Lifestyle by 1,250.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock valued at $11,962,000 after purchasing an additional 411,893 shares during the last quarter. Institutional investors own 17.79% of the company's stock.
Atour Lifestyle Company Profile
(
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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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