Atour Lifestyle (NASDAQ:ATAT) Stock Price Up 3.7% – Time to Buy?

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) shot up 3.7% during trading on Tuesday . The stock traded as high as $28.08 and last traded at $27.91. 493,887 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 918,020 shares. The stock had previously closed at $26.92.

Atour Lifestyle Price Performance

The stock’s 50 day simple moving average is $22.11 and its two-hundred day simple moving average is $19.34. The stock has a market capitalization of $3.64 billion, a PE ratio of 27.28, a PEG ratio of 0.68 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.30 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 analysts’ expectations of $244.72 million. As a group, equities research analysts predict that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current fiscal year.

Atour Lifestyle Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were issued 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 43.30%.

Institutional Investors Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new position in Atour Lifestyle during the fourth quarter valued at approximately $260,000. SG Americas Securities LLC purchased a new position in shares of Atour Lifestyle during the 1st quarter valued at $275,000. XTX Topco Ltd purchased a new position in shares of Atour Lifestyle during the 2nd quarter valued at $390,000. Van Berkom & Associates Inc. bought a new position in shares of Atour Lifestyle in the second quarter worth $492,000. Finally, Marshall Wace LLP raised its position in shares of Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock worth $1,161,000 after buying an additional 10,386 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors.

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.