Atour Lifestyle (NASDAQ:ATAT) Shares Gap Up – Should You Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $27.09, but opened at $27.70. Atour Lifestyle shares last traded at $25.07, with a volume of 278,040 shares traded.

Atour Lifestyle Stock Up 1.1 %

The company has a 50-day moving average price of $25.60 and a 200-day moving average price of $20.57. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 0.63 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT) last released its earnings results on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. The business had revenue of $247.28 million during the quarter, compared to analyst estimates of $244.72 million. Equities analysts expect that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.40 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 17th. Atour Lifestyle’s dividend payout ratio is currently 36.21%.

Hedge Funds Weigh In On Atour Lifestyle

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. Loomis Sayles & Co. L P bought a new stake in shares of Atour Lifestyle in the 3rd quarter worth approximately $34,000. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle during the third quarter worth $143,000. XTX Topco Ltd bought a new stake in Atour Lifestyle in the 2nd quarter valued at $390,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle in the 3rd quarter valued at $430,000. Finally, Van Berkom & Associates Inc. bought a new position in shares of Atour Lifestyle during the 2nd quarter worth about $492,000. 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.