Atour Lifestyle (NASDAQ:ATAT) Trading 3.7% Higher – What’s Next?

Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) were up 3.7% during mid-day trading on Tuesday . The company traded as high as $28.08 and last traded at $27.91. Approximately 493,887 shares traded hands during trading, a decline of 46% from the average daily volume of 918,020 shares. The stock had previously closed at $26.92.

Atour Lifestyle Stock Performance

The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 0.68 and a beta of 0.63. The company has a 50 day moving average price of $22.11 and a 200 day moving average price of $19.34.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. The firm had revenue of $247.28 million for the quarter, compared to the consensus estimate of $244.72 million. Research analysts forecast that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current year.

Atour Lifestyle Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were issued 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 43.30%.

Institutional Trading of Atour Lifestyle

Several institutional investors and hedge funds have recently modified their holdings of ATAT. Quadrature Capital Ltd bought a new position in Atour Lifestyle during the 4th quarter valued at $260,000. SG Americas Securities LLC bought a new position in shares of Atour Lifestyle during the first quarter valued at about $275,000. Sei Investments Co. boosted its holdings in Atour Lifestyle by 112.9% during the first quarter. Sei Investments Co. now owns 110,634 shares of the company’s stock worth $1,985,000 after purchasing an additional 58,667 shares during the last quarter. Vanguard Group Inc. bought a new stake in Atour Lifestyle in the 1st quarter worth about $35,534,000. Finally, Burgundy Asset Management Ltd. increased its stake in Atour Lifestyle by 0.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company’s stock valued at $7,774,000 after buying an additional 2,245 shares during the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.