The Chairman of Alimentation Couche Tard (Other OTC: ANCUF) is Selling Shares

By Carrie Williams

Today, the Chairman of Alimentation Couche Tard (ANCUFResearch Report), Alain Bouchard, sold shares of ANCUF for $300M.

Following Alain Bouchard’s last ANCUF Sell transaction on January 22, 2021, the stock climbed by 8.7%. In addition to Alain Bouchard, 4 other ANCUF executives reported Sell trades in the last month.

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Based on Alimentation Couche Tard’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $13.58 billion and quarterly net profit of $764 million. In comparison, last year the company earned revenue of $9.71 billion and had a net profit of $777 million. The company has a one-year high of $42.97 and a one-year low of $28.55.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $46.87, reflecting a -18.9% downside.

In the last 30 days, insiders have sold $617.9M worth of ANCUF shares and purchased $261K worth of ANCUF shares. The insider sentiment on Alimentation Couche Tard has been negative according to 52 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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Alimentation Couche-Tard, Inc. engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores. It operates under Circle K, Ingo, Couche-Tara brands. The company was founded by Alain Bouchard, Jacques D’Amours, Richard Fortin, and Réal Plourde in 1980 and is headquartered in Laval, Canada.