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

Alimentation Couche-Tard Inc. (TSE:ATD) Director Éric Boyko purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the transaction, the director directly owned 47,300 shares in the company, valued at C$3,800,082. The trade was a 11.82% increase in their position.

Alimentation Couche-Tard Price Performance

ATD opened at C$80.00 on Friday. Alimentation Couche-Tard Inc. has a 1 year low of C$68.30 and a 1 year high of C$95.15. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The company has a market capitalization of C$73.44 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.35 and a beta of 0.67. The firm’s fifty day moving average price is C$88.50 and its two-hundred day moving average price is C$83.60.

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

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis 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 (DPR) is presently 17.49%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ATD shares. Royal Bank Of Canada set a C$111.00 price objective on Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Canadian Imperial Bank of Commerce increased their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. Stifel Nicolaus lowered their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Scotia dropped their target price on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a research note on Thursday, September 3rd. Finally, UBS Group raised their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$99.73.

Alimentation Couche-Tard Company Profile

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.