Alimentation Couche-Tard (TSE:ATD) Stock Falls 1.6% – Should You Sell?

Alimentation Couche-Tard Inc. (TSE:ATD) shares traded down 1.6% during mid-day trading on Tuesday. The company traded as low as C$81.26 and last traded at C$81.39. 1,180,999 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 1,462,291 shares. The stock had previously closed at C$82.71.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ATD shares. Stifel Nicolaus decreased their price objective on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Raymond James Financial reduced their price objective on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday, September 3rd. BMO Capital Markets raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. National Bank Financial decreased their target price on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating for the company in a research note on Thursday, September 3rd. Finally, Scotia reduced their price objective on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$99.13.

Alimentation Couche-Tard Price Performance

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 business has a 50-day moving average of C$81.27 and a 200 day moving average of C$82.06. The firm has a market capitalization of C$74.71 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.35 and a beta of 0.77.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Tuesday, September 1st. The company reported C$1.26 EPS 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 during the quarter. As a group, research analysts anticipate that Alimentation Couche-Tard Inc. will post 4.04 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a $0.2150 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.86 annualized dividend and a yield of 1.1%. Alimentation Couche-Tard’s payout ratio is currently 17.49%.

Insider Buying and Selling

In other news, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$82.22, for a total value of C$77,780.12. Following the completion of the transaction, the director owned 10,320 shares in the company, valued at C$848,510.40. This trade represents a 8.40% decrease in their ownership of the stock. Also, Director Éric Boyko purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the purchase, the director directly owned 47,300 shares in the company, valued at C$3,800,082. This represents a 11.82% increase in their position. 18.67% of the stock is owned by corporate insiders.

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.