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Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down - Here's Why

Atour Lifestyle logo with Consumer Cyclical background

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $27.99, but opened at $26.85. Atour Lifestyle shares last traded at $26.72, with a volume of 200,551 shares changing hands.

Atour Lifestyle Price Performance

The business's fifty day simple moving average is $19.98 and its two-hundred day simple moving average is $18.73. The company has a market cap of $3.83 billion, a PE ratio of 28.05, a PEG ratio of 0.52 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $247.28 million during the quarter, compared to analysts' expectations of $244.72 million. Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. As a group, analysts predict that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current year.

Atour Lifestyle Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.40 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 17th. Atour Lifestyle's payout ratio is 43.30%.

Institutional Trading of Atour Lifestyle

A number of institutional investors and hedge funds have recently modified their holdings of ATAT. Quadrature Capital Ltd acquired a new stake in Atour Lifestyle in the 4th quarter worth about $260,000. SG Americas Securities LLC acquired a new stake in shares of Atour Lifestyle in the first quarter worth approximately $275,000. XTX Topco Ltd purchased a new stake in shares of Atour Lifestyle during the second quarter worth approximately $390,000. Van Berkom & Associates Inc. purchased a new stake in shares of Atour Lifestyle during the second quarter worth $492,000. Finally, Marshall Wace LLP raised its position in shares of Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company's stock valued at $1,161,000 after buying an additional 10,386 shares during the last quarter. 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, 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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