Atour Lifestyle (NASDAQ:ATAT) Stock Price Down 3.9%

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) traded down 3.9% on Monday . The company traded as low as $17.93 and last traded at $17.94. 214,053 shares were traded during trading, a decline of 65% from the average session volume of 612,334 shares. The stock had previously closed at $18.66.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America decreased their price objective on shares of Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a report on Monday, April 1st. Macquarie initiated coverage on Atour Lifestyle in a research report on Monday, April 22nd. They set an “outperform” rating and a $26.00 price target on the stock.

Atour Lifestyle Trading Down 3.5 %

The company has a market cap of $2.48 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 0.50 and a beta of 0.61. The stock has a 50-day simple moving average of $18.69 and a 200-day simple moving average of $18.20.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATAT. Schroder Investment Management Group bought a new stake in shares of Atour Lifestyle in the 3rd quarter worth approximately $6,925,000. Nomura Holdings Inc. boosted its stake in shares of Atour Lifestyle by 157.0% during the 3rd quarter. Nomura Holdings Inc. now owns 320,045 shares of the company’s stock valued at $6,033,000 after buying an additional 195,493 shares during the period. Barclays PLC lifted its stake in shares of Atour Lifestyle by 263.5% in the third quarter. Barclays PLC now owns 30,210 shares of the company’s stock worth $569,000 after buying an additional 21,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Atour Lifestyle in the 4th quarter valued at $8,045,000. Finally, Burgundy Asset Management Ltd. raised its holdings in Atour Lifestyle by 22.0% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 376,603 shares of the company’s stock worth $7,099,000 after acquiring an additional 67,855 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

About Atour Lifestyle

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.