Atour Lifestyle Holdings Limited
In the published model solve dated 2026-Q2, anchored at $35.34, Atour Lifestyle Holdings Limited (ATAT) is priced for +1.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Nearly the entire hotel network belongs to somebody else: at the end of 2025 Atour ran 2,015 hotels and 1,996 of them were manachised, an arrangement in which ⟦"The franchisee is responsible for the hotel's construction"⟧ while Atour supplies the brand, the reservation system and the on-site manager. • Retail is 38% of revenue and it is not a gift shop, since the company designs and sells sleep products through channels that have moved almost entirely off its own property, with the 20-F report
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180 institutional managers reported holding ATAT in 13F filings for the quarter ended 2026-03-31. Together they hold about 17% of the company; the top 10 hold 9%. 39 opened new positions that quarter. Held by FMR (Fidelity), Vanguard Group, Renaissance Technologies, among others. On the short side, 2.4M shares were sold short as of the 2026-06-15 count, about 0.6% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has paid one every year in our records (3 and counting), raised 2 years straight. Cash returned over the past three years: $211.98M in dividends and $47.17M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.