Alimentation Couche-Tard (TSE:ATD) Director Jean Bernier Sells 946 Shares

Alimentation Couche-Tard Inc. (TSE:ATD) Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the completion of the sale, the director directly owned 10,320 shares in the company, valued at approximately C$848,510.40. This represents a 8.40% decrease in their position.

Alimentation Couche-Tard Stock Down 2.5%

ATD opened at C$79.98 on Wednesday. Alimentation Couche-Tard Inc. has a twelve month low of C$68.30 and a twelve month high of C$95.15. The company’s 50-day moving average price is C$88.92 and its two-hundred day moving average price is C$83.66. The stock has a market cap of C$73.42 billion, a price-to-earnings ratio of 23.25, a PEG 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.

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

Alimentation Couche-Tard Announces Dividend

The company also recently announced 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 dividend yield of 1.1%. Alimentation Couche-Tard’s payout ratio is presently 17.49%.

Wall Street Analysts Forecast Growth

ATD has been the topic of a number of recent research reports. National Bank Financial dropped their price target on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Thursday, September 3rd. UBS Group upped their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Raymond James Financial dropped their price objective on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd. Canaccord Genuity Group increased their target price on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Desjardins lifted their target price 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. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Alimentation Couche-Tard 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.