Atour Lifestyle (NASDAQ:ATAT) Stock Price Down 3% – Should You Sell?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s share price was down 3% during mid-day trading on Wednesday . The company traded as low as $22.58 and last traded at $23.29. Approximately 1,840,298 shares traded hands during trading, an increase of 61% from the average daily volume of 1,146,537 shares. The stock had previously closed at $24.02.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a “buy” rating in a research note on Thursday, March 6th. Bank of America lifted their price target on Atour Lifestyle from $35.30 to $36.80 and gave the company a “buy” rating in a research report on Friday, March 14th.

Atour Lifestyle Stock Down 4.2 %

The firm has a market cap of $3.16 billion, a PE ratio of 19.83, a P/E/G ratio of 0.59 and a beta of 0.51. The firm has a 50-day moving average price of $29.20 and a two-hundred day moving average price of $27.45.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OLP CAPITAL MANAGEMENT Ltd raised its holdings in Atour Lifestyle by 17.1% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company’s stock valued at $193,672,000 after buying an additional 1,052,822 shares during the period. Bank of America Corp DE grew its position in shares of Atour Lifestyle by 8.3% in the 4th quarter. Bank of America Corp DE now owns 3,534,543 shares of the company’s stock worth $95,044,000 after acquiring an additional 269,656 shares in the last quarter. Man Group plc raised its holdings in shares of Atour Lifestyle by 21.8% during the fourth quarter. Man Group plc now owns 2,051,797 shares of the company’s stock worth $55,173,000 after purchasing an additional 366,872 shares during the period. JPMorgan Chase & Co. boosted its position in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company’s stock valued at $38,012,000 after purchasing an additional 402,974 shares during the period. Finally, Norges Bank bought a new position in Atour Lifestyle in the 4th quarter worth about $36,489,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

About Atour Lifestyle

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.