Atour Lifestyle (NASDAQ:ATAT) Shares Gap Down – What’s Next?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $27.99, but opened at $26.85. Atour Lifestyle shares last traded at $26.72, with a volume of 200,551 shares changing hands.

Atour Lifestyle Stock Performance

The firm has a market cap of $3.74 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 0.52 and a beta of 0.63. The business’s fifty day moving average is $19.98 and its 200-day moving average is $18.73.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.30 earnings per share (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 business had revenue of $247.28 million for the quarter, compared to the consensus estimate of $244.72 million. Analysts predict that Atour Lifestyle Holdings Limited will post 1.22 EPS for the current fiscal year.

Atour Lifestyle Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were given a $0.40 dividend. The ex-dividend date was Tuesday, September 17th. This represents a dividend yield of 2.1%. Atour Lifestyle’s dividend payout ratio (DPR) is presently 43.30%.

Hedge Funds Weigh In On Atour Lifestyle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. increased its position in shares of Atour Lifestyle by 0.5% during the first quarter. Burgundy Asset Management Ltd. now owns 433,350 shares of the company’s stock worth $7,774,000 after buying an additional 2,245 shares during the period. Marshall Wace LLP lifted its stake in shares of Atour Lifestyle by 19.6% in the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after purchasing an additional 10,386 shares during the period. Sylebra Capital LLC boosted its position in shares of Atour Lifestyle by 0.8% during the 1st quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company’s stock valued at $27,108,000 after purchasing an additional 11,780 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Atour Lifestyle during the fourth quarter worth approximately $260,000. Finally, SG Americas Securities LLC bought a new stake in Atour Lifestyle in the first quarter worth approximately $275,000. 17.79% of the stock is owned by institutional investors and hedge funds.

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.