Alimentation Couche-Tard (TSE:ATD) Director Éric Boyko Buys 5,000 Shares

Alimentation Couche-Tard Inc. (TSE:ATD) Director Éric Boyko purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average price of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the acquisition, the director owned 47,300 shares in the company, valued at approximately C$3,800,082. This trade represents a 11.82% increase in their position.

Alimentation Couche-Tard Stock Performance

ATD stock opened at C$79.98 on Wednesday. The firm has a market cap of C$73.42 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company has a current ratio of 1.26, a quick ratio of 0.88 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 Inc. has a 1-year low of C$68.30 and a 1-year high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Tuesday, September 1st. The company reported C$1.26 EPS 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, equities research analysts expect that Alimentation Couche-Tard Inc. will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

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

Analysts Set New Price Targets

ATD has been the topic of a number of research reports. National Bank Financial lowered their price objective on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a research note on Thursday, September 3rd. Stifel Nicolaus cut their target price on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. TD cut their price target on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Raymond James Financial dropped their price target on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and a consensus price target of C$99.73.

About Alimentation Couche-Tard

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.