Atour Lifestyle (NASDAQ:ATAT) Now Covered by Citigroup

Investment analysts at Citigroup initiated coverage on shares of Atour Lifestyle (NASDAQ:ATAT – Get Rating) in a research note issued to investors on Friday, The Fly reports. The firm set a “buy” rating and a $28.30 price target on the stock. Citigroup’s price objective would indicate a potential upside of 17.82% from the company’s current price.

Separately, Bank of America assumed coverage on shares of Atour Lifestyle in a research note on Wednesday, December 7th. They issued a “buy” rating and a $22.00 price target for the company.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $24.02 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 1.08. Atour Lifestyle has a fifty-two week low of $11.02 and a fifty-two week high of $29.40. The stock’s 50-day moving average price is $24.96.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC bought a new stake in shares of Atour Lifestyle during the fourth quarter valued at approximately $4,394,000. Deutsche Bank AG bought a new position in Atour Lifestyle in the fourth quarter worth about $791,000. Mass Ave Global Inc. acquired a new position in shares of Atour Lifestyle during the fourth quarter valued at about $11,011,000. Point72 Hong Kong Ltd purchased a new stake in Atour Lifestyle in the fourth quarter valued at approximately $1,099,000. Finally, Point72 Asset Management L.P. purchased a new stake in Atour Lifestyle in the fourth quarter valued at approximately $85,000.

Atour Lifestyle Company Profile

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Atour Lifestyle Holdings Limited, through its subsidiaries, operates a chain of hotels in 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. As of June 30, 2022, its hotel network covered 834 hotels spanning 151 cities in China, with a total of 96,969 hotel rooms, including 801 manachised hotels with a total of 91,911 manachised hotel rooms, as well as a pipeline of 343 hotels with a total of 37,795 rooms under development.