Atour Lifestyle (NASDAQ:ATAT) Stock Price Down 7.9% – Should You Sell?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was down 7.9% on Tuesday . The company traded as low as $25.57 and last traded at $26.77. Approximately 296,858 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 909,854 shares. The stock had previously closed at $29.08.

Atour Lifestyle Trading Down 4.5 %

The company has a 50-day moving average of $19.75 and a 200-day moving average of $18.67. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 0.52 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last issued its earnings results on Thursday, August 29th. The company reported $0.30 earnings per share 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 business had revenue of $247.28 million for the quarter, compared to analyst estimates of $244.72 million. On average, research analysts forecast that Atour Lifestyle Holdings Limited will post 1.22 earnings per share for the current year.

Atour Lifestyle Announces Dividend

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

Institutional Trading of Atour Lifestyle

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Atour Lifestyle during the 1st quarter worth $35,534,000. Goldman Sachs Group Inc. increased its holdings in shares of Atour Lifestyle by 396.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after acquiring an additional 1,366,236 shares during the period. Sylebra Capital LLC increased its holdings in shares of Atour Lifestyle by 0.8% in the 1st quarter. Sylebra Capital LLC now owns 1,511,061 shares of the company’s stock worth $27,108,000 after acquiring an additional 11,780 shares during the period. Schroder Investment Management Group lifted its position in Atour Lifestyle by 287.8% in the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after purchasing an additional 1,057,305 shares during the last quarter. Finally, M&G Plc acquired a new position in Atour Lifestyle during the 2nd quarter valued at about $23,181,000. 17.79% of the stock is currently 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.