Atour Lifestyle (NASDAQ:ATAT) Shares Gap Up – Still a Buy?

Atour Lifestyle Holdings Limited (NASDAQ:ATAT)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $26.03, but opened at $27.33. Atour Lifestyle shares last traded at $27.37, with a volume of 216,931 shares trading hands.

Atour Lifestyle Price Performance

The company’s 50-day moving average price is $21.73 and its two-hundred day moving average price is $19.21. The company has a market capitalization of $3.71 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $247.28 million during the quarter, compared to the consensus estimate of $244.72 million. Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. On average, analysts anticipate 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 was paid on Monday, September 30th. Investors 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 dividend payout ratio (DPR) is presently 43.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $260,000. SG Americas Securities LLC bought a new stake in Atour Lifestyle in the 1st quarter valued at about $275,000. XTX Topco Ltd acquired a new position in shares of Atour Lifestyle during the 2nd quarter worth approximately $390,000. Van Berkom & Associates Inc. bought a new position in shares of Atour Lifestyle during the second quarter worth approximately $492,000. Finally, Marshall Wace LLP increased its holdings in shares of Atour Lifestyle by 19.6% during the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock worth $1,161,000 after purchasing an additional 10,386 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

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.