Atour Lifestyle (NASDAQ:ATAT) Now Covered by Analysts at The Goldman Sachs Group

Analysts at The Goldman Sachs Group initiated coverage on shares of Atour Lifestyle (NASDAQ:ATAT) in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $34.40 price target on the stock. The Goldman Sachs Group’s target price points to a potential upside of 29.86% from the stock’s current price.

Atour Lifestyle Stock Performance

NASDAQ ATAT opened at $26.49 on Monday. Atour Lifestyle has a one year low of $15.22 and a one year high of $29.15. The company’s 50 day moving average price is $26.53 and its 200 day moving average price is $21.21. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.62 and a beta of 0.52.

Hedge Funds Weigh In On Atour Lifestyle

A number of institutional investors and hedge funds have recently bought and sold shares of ATAT. Geode Capital Management LLC grew its stake in shares of Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after acquiring an additional 863 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Atour Lifestyle in the third quarter valued at about $34,000. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle during the 3rd quarter valued at approximately $143,000. Marshall Wace LLP increased its holdings in Atour Lifestyle by 19.6% during the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock worth $1,161,000 after purchasing an additional 10,386 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle in the 3rd quarter valued at approximately $430,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

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.