Atour Lifestyle (NASDAQ:ATAT) Sets New 52-Week High at $27.03

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.03 and last traded at $27.03, with a volume of 50514 shares traded. The stock had previously closed at $25.38.

Atour Lifestyle Trading Up 6.5 %

The firm’s 50-day moving average price is $18.50 and its 200 day moving average price is $18.34. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 0.52 and a beta of 0.59.

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

Atour Lifestyle Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.40 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 17th. Atour Lifestyle’s dividend payout ratio (DPR) is currently 43.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $13,020,000. Capstone Investment Advisors LLC increased its stake in Atour Lifestyle by 33.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $347,000 after purchasing an additional 5,000 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Atour Lifestyle by 14.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 431,105 shares of the company’s stock worth $7,484,000 after buying an additional 54,502 shares during the last quarter. Aspex Management HK Ltd bought a new position in shares of Atour Lifestyle in the fourth quarter valued at $61,194,000. Finally, Schroder Investment Management Group lifted its stake in shares of Atour Lifestyle by 287.8% in the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after buying an additional 1,057,305 shares in the last quarter. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of 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.