Alimentation Couche-Tard (ATD) has notable insider buying

Alimentation Couche-Tard (T:ATD)

Louis Têtu, a Director, acquired 22,514 Subordinate Voting Shares Catégorie B on an indirect ownership basis for registered holder LT Management inc. at a price of $44.420 through the public market on January 30th, 2020. This represents a $1,000,072 investment into the company's shares and an account share holdings change of greater than 100%.

Alimentation Couche Tard Inc is a Canada-based company, which is engaged in the convenience store industry. It focuses on the sale of goods for immediate consumption, road transportation fuel and other products through stores and franchise operations. It operates its convenience store and road transportation fuel retailing chain under several banners, including Circle K, Couche-Tard, Mac's, Kangaroo Express, Statoil, Ingo, Topaz and Re.Store. The Company focuses on various categories, including merchandise and services, road transportation fuel and other. The Company holds contracts with franchisees and independent operators. Its merchandise sales primarily consist of the sale of tobacco products, grocery items, candy and snacks, beverages, beer, wine and fresh food offerings, including quick service restaurants. Its merchandise sales in Europe also include the sale of merchandise and goods to certain independent operators and franchisees made from the Company's distribution center.