Macquarie Initiates Coverage on Atour Lifestyle (NASDAQ:ATAT)

Analysts at Macquarie initiated coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a note issued to investors on Monday, MarketBeat.com reports. The firm set an “outperform” rating and a $26.00 price target on the stock. Macquarie’s price target would indicate a potential upside of 46.40% from the company’s previous close.

Separately, Bank of America dropped their target price on Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating on the stock in a research report on Monday, April 1st.

Atour Lifestyle Trading Up 1.5 %

Atour Lifestyle stock opened at $17.76 on Monday. Atour Lifestyle has a 12 month low of $14.80 and a 12 month high of $23.31. The business’s 50 day simple moving average is $18.69 and its 200 day simple moving average is $18.18. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 0.46 and a beta of 0.61.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, March 28th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Atour Lifestyle had a return on equity of 42.81% and a net margin of 15.66%. The business had revenue of $212.01 million for the quarter, compared to the consensus estimate of $177.28 million. As a group, equities research analysts forecast that Atour Lifestyle will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new position in shares of Atour Lifestyle in the fourth quarter worth $25,000. Castleview Partners LLC bought a new position in shares of Atour Lifestyle in the third quarter worth $39,000. New York State Common Retirement Fund bought a new position in shares of Atour Lifestyle in the fourth quarter worth $42,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Atour Lifestyle by 9.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 29,667 shares of the company’s stock worth $515,000 after purchasing an additional 2,500 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Atour Lifestyle in the third quarter worth $63,000. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of 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.