Atour Lifestyle (NASDAQ:ATAT) Price Target Raised to $36.80

Atour Lifestyle (NASDAQ:ATAT) had its price objective increased by Bank of America from $35.30 to $36.80 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. UBS Group set a $37.30 target price on Atour Lifestyle and gave the company a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group started coverage on Atour Lifestyle in a report on Monday, December 9th. They issued a “buy” rating and a $34.40 target price for the company.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $31.25 on Friday. Atour Lifestyle has a one year low of $15.22 and a one year high of $33.32. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.59 and a beta of 0.37. The stock has a 50 day moving average price of $28.29 and a 200 day moving average price of $26.39.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Atour Lifestyle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after purchasing an additional 863 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Atour Lifestyle in the 3rd quarter valued at about $34,000. American Century Companies Inc. raised its position in Atour Lifestyle by 3.8% in the 4th quarter. American Century Companies Inc. now owns 62,772 shares of the company’s stock valued at $1,688,000 after purchasing an additional 2,321 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its position in shares of Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company’s stock worth $626,000 after acquiring an additional 2,469 shares in the last quarter. Finally, Jump Financial LLC raised its position in shares of Atour Lifestyle by 1.5% during the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company’s stock worth $4,851,000 after acquiring an additional 2,620 shares in the last quarter. Institutional investors and hedge funds 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.