Éric Boyko Acquires 5,000 Shares of Alimentation Couche-Tard (TSE:ATD) Stock

Key Points

• Director Éric Boyko purchased 5,000 Alimentation Couche-Tard shares at an average C$80.34 per share, investing C$401,700 and increasing his direct ownership by 11.82% to 47,300 shares.
• The stock fell 2.5% to C$79.98, despite the company reporting quarterly revenue of C$30.43 billion and earnings of C$1.26 per share.
• Alimentation Couche-Tard announced a quarterly dividend of C$0.215 per share, equivalent to an annualized C$0.86 and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with a C$99.73 average price target.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) Director Éric Boyko bought 5,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased 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 directly owned 47,300 shares in the company, valued at C$3,800,082. This trade represents a 11.82% increase in their ownership of the stock.

Alimentation Couche-Tard Trading Down 2.5%

TSE:ATD traded down C$2.02 on Tuesday, reaching C$79.98. 1,400,100 shares of the company's stock were exchanged, compared to its average volume of 1,487,992. 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 firm has a market capitalization of C$73.42 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The business has a fifty day moving average of C$88.92 and a 200-day moving average of C$83.66. Alimentation Couche-Tard Inc. has a 52-week low of C$68.30 and a 52-week high of C$95.15.

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

Alimentation Couche-Tard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard's dividend payout ratio is currently 17.49%.

Wall Street Analyst Weigh In

Several research firms recently commented on ATD. Stifel Nicolaus lowered 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. Canadian Imperial Bank of Commerce raised their target price on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. Desjardins lifted their price target on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. BMO Capital Markets lowered 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 report on Thursday, September 3rd. Finally, TD dropped their price objective on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Alimentation Couche-Tard presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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