Atour Lifestyle (NASDAQ:ATAT) Shares Gap Up - Should You Buy?

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $26.03, but opened at $27.33. Atour Lifestyle shares last traded at $27.37, with a volume of 216,931 shares.

Atour Lifestyle Stock Performance

The stock has a market cap of $3.71 billion, a P/E ratio of 27.76, a PEG ratio of 0.68 and a beta of 0.63. The stock has a fifty day simple moving average of $21.73 and a 200-day simple moving average of $19.21.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. The firm had revenue of $247.28 million during the quarter, compared to analyst estimates of $244.72 million. On average, research analysts anticipate that Atour Lifestyle Holdings Limited will post 1.22 earnings per share 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 given a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle's dividend payout ratio (DPR) is presently 43.30%.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently made changes to their positions in ATAT. Ghisallo Capital Management LLC increased its holdings in shares of Atour Lifestyle by 366.5% during the second quarter. Ghisallo Capital Management LLC now owns 466,500 shares of the company's stock worth $8,560,000 after buying an additional 366,500 shares in the last quarter. Marshall Wace LLP boosted its position in Atour Lifestyle by 19.6% during the second quarter. Marshall Wace LLP now owns 63,289 shares of the company's stock valued at $1,161,000 after acquiring an additional 10,386 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Atour Lifestyle by 134.8% during the second quarter. Canada Pension Plan Investment Board now owns 267,510 shares of the company's stock valued at $4,909,000 after acquiring an additional 153,600 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Atour Lifestyle by 41.6% during the second quarter. Burgundy Asset Management Ltd. now owns 613,718 shares of the company's stock valued at $11,262,000 after acquiring an additional 180,368 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Atour Lifestyle during the 2nd quarter worth about $390,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

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.