Insider Buying: Alimentation Couche-Tard (TSE:ATD) Director Purchases C$401,700.00 in Stock

Alimentation Couche-Tard Inc. (TSE:ATDGet Free Report) Director Éric Boyko bought 5,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of C$80.34 per share, with a total value of C$401,700.00. Following the acquisition, the director owned 47,300 shares in the company, valued at approximately C$3,800,082. This represents a 11.82% increase in their position.

Alimentation Couche-Tard Stock Performance

ATD traded down C$2.02 on Tuesday, reaching C$79.98. The company had a trading volume of 1,400,100 shares, compared to its average volume of 1,487,992. Alimentation Couche-Tard Inc. has a 1 year low of C$68.30 and a 1 year high of C$95.15. The stock has a market capitalization of C$73.42 billion, a PE ratio of 23.25, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 92.19. The stock has a 50-day moving average price of C$88.92 and a 200-day moving average price of C$83.66.

Alimentation Couche-Tard (TSE:ATDGet Free Report) last posted its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. The business had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. As a group, research analysts forecast that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Alimentation Couche-Tard’s dividend payout ratio is presently 17.49%.

Analysts Set New Price Targets

ATD has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating for the company in a research report on Thursday, September 3rd. UBS Group upped their target price on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus lowered their price target on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Finally, Desjardins boosted their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus target price of C$99.73.

Check Out Our Latest Stock Report on Alimentation Couche-Tard

Alimentation Couche-Tard Company Profile

(Get Free Report)

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.

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