Atour Lifestyle (NASDAQ:ATAT) Research Coverage Started at Citigroup

Research analysts at Citigroup started coverage on shares of Atour Lifestyle (NASDAQ:ATAT – Get Rating) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set a “buy” rating and a $28.30 price target on the stock. Citigroup’s target price would indicate a potential upside of 17.82% from the company’s previous close.

Separately, Bank of America began coverage on shares of Atour Lifestyle in a research report on Wednesday, December 7th. They issued a “buy” rating and a $22.00 price objective for the company.

Atour Lifestyle Stock Down 0.2 %

Shares of NASDAQ:ATAT opened at $24.02 on Friday. Atour Lifestyle has a 52-week low of $11.02 and a 52-week high of $29.40. The company has a 50-day simple moving average of $24.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 1.08.

Institutional Trading of Atour Lifestyle

Several large investors have recently made changes to their positions in ATAT. Mass Ave Global Inc. acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $11,011,000. Macquarie Group Ltd. bought a new stake in Atour Lifestyle in the fourth quarter valued at $6,379,000. Barclays PLC acquired a new position in shares of Atour Lifestyle during the fourth quarter valued at about $4,394,000. Point72 Hong Kong Ltd acquired a new position in shares of Atour Lifestyle during the fourth quarter valued at about $1,099,000. Finally, Point72 Middle East FZE purchased a new position in Atour Lifestyle during the fourth quarter worth about $1,090,000.

Atour Lifestyle Company Profile

(Get Rating)

Atour Lifestyle Holdings Limited, through its subsidiaries, operates a chain of hotels in 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. As of June 30, 2022, its hotel network covered 834 hotels spanning 151 cities in China, with a total of 96,969 hotel rooms, including 801 manachised hotels with a total of 91,911 manachised hotel rooms, as well as a pipeline of 343 hotels with a total of 37,795 rooms under development.