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

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

Alimentation Couche-Tard Price Performance

ATD stock opened at C$79.89 on Thursday. The stock has a market cap of C$73.34 billion, a PE ratio of 23.22, a P/E/G ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard Inc. has a 12 month low of C$68.30 and a 12 month high of C$95.15. The company has a 50-day moving average price of C$88.71 and a 200 day moving average price of C$83.63. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.

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

Alimentation Couche-Tard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be paid 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%.

Analyst Upgrades and Downgrades

ATD has been the subject of a number of research analyst reports. Raymond James Financial decreased their price target on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday, September 3rd. Desjardins upped their price objective 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. TD reduced their target price on Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Canadian Imperial Bank of Commerce lifted their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently 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.