AMCON Distributing (DIT) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for AMCON Distributing (NYSEAMERICAN: DIT):

• 10/6/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/30/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/24/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/18/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/12/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/6/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/31/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/25/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/19/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/13/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

AMCON Distributing Stock Performance

Shares of DIT traded down $1.08 on Wednesday, reaching $135.02. The stock had a trading volume of 27 shares, compared to its average volume of 292. The stock has a market cap of $85.06 million, a P/E ratio of 9.54 and a beta of 0.51. AMCON Distributing has a twelve month low of $119.34 and a twelve month high of $209.50. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings results on Thursday, July 18th. The company reported $2.46 earnings per share for the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%. The company had revenue of $717.85 million during the quarter.

AMCON Distributing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, August 2nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, August 2nd. AMCON Distributing’s payout ratio is 5.08%.

Hedge Funds Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Empowered Funds LLC owned 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the Securities and Exchange Commission. 11.14% of the stock is currently owned by institutional investors and hedge funds.

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.