AMCON Distributing
About: Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.
Employees: 1,563
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4% more capital invested
Capital invested by funds: $9.93M [Q2] → $10.3M (+$357K) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
0.07% less ownership
Funds ownership: 11.34% [Q2] → 11.27% (-0.07%) [Q3]
10% less funds holding
Funds holding: 20 [Q2] → 18 (-2) [Q3]
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Research analyst outlook
We haven’t received any recent analyst ratings for DIT.
Financial journalist opinion
Neutral
Business Wire
2 days ago
AMCON Distributing Company Announces $0.28 Special Dividend
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based Convenience and Foodservice Distributor, is pleased to announce that the Board of Directors of AMCON declared a special cash dividend of $0.28 per common share. This cash dividend is payable on January 31, 2025 to shareholders of record as of December 30, 2024. AMCON, and its subsidiaries Team Sledd, LLC and Henry's Foods, Inc., is a leading Convenience and Foodservice Distributor o.
Neutral
Business Wire
1 week ago
AMCON Distributing Company Acquires Arrowrock Supply
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce the acquisition of Arrowrock Supply (“Arrowrock”) of Boise, Idaho from Davis-Jones Inc. “We are delighted to welcome the loyal Employees, Customers, and Vendors of Arrowrock to our AMCON Family,” said Christopher H. Atayan, AMCON's Chairman and Chief Executive Officer. “Our customer base in the Intermountain West of the United States.
Positive
Zacks Investment Research
1 month ago
AMCON's 2024 Earnings Fall Y/Y Due to Rising SG&A Costs
DIT's EPS drops to $7.15 in fiscal 2024 despite revenues climbing to $2.7 billion, as increased SG&A expenses and interest costs weighed heavily on profitability.
Neutral
Business Wire
1 month ago
AMCON Distributing Company Reports Results for the Fiscal Year Ended September 30, 2024
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $7.15 on net income available to common shareholders of $4.3 million for the fiscal year ended September 30, 2024. “We have seen our strategic plan come to full bloom in fiscal 2024. AMCON has grown its footprint geographically, expanded within our existing footprint,.
Neutral
Business Wire
1 month ago
AMCON Distributing Company Announces $0.18 Quarterly Dividend
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based Convenience and Foodservice Distributor, is pleased to announce that the Board of Directors of AMCON declared a quarterly cash dividend of $0.18 per common share. This cash dividend is payable on November 13, 2024 to shareholders of record as of November 4, 2024. AMCON, and its subsidiaries Team Sledd, LLC and Henry's Foods, Inc., is a leading Convenience and Foodservice Distributor.
Neutral
Business Wire
4 months ago
AMCON Distributing Company Announces $0.18 Quarterly Dividend
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based Convenience and Foodservice Distributor, is pleased to announce that the Board of Directors of AMCON declared a quarterly cash dividend of $0.18 per common share. This cash dividend is payable on August 12, 2024 to shareholders of record as of August 2, 2024. AMCON, and its subsidiaries Team Sledd, LLC and Henry's Foods, Inc., is a leading Convenience and Foodservice Distributor of.
Negative
Zacks Investment Research
5 months ago
AMCON (DIT) Q3 Earnings Fall Y/Y on High SG&A Costs, Sales Rise
AMCON's (DIT) fiscal Q3 earnings decline to $2.46 per share due to rising costs, but sales rise to $717.9 million, driven by strong demand in convenience and foodservice distribution.
Neutral
Business Wire
5 months ago
AMCON Distributing Company Reports Results for the Quarter Ended June 30, 2024
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $2.46 on net income available to common shareholders of $1.5 million for its third fiscal quarter ended June 30, 2024. “AMCON's customer-centric philosophy is a competitive advantage in this economic environment, as our customers rely on our ability to deliver a timel.
Neutral
Zacks Investment Research
5 months ago
Zacks Initiates Coverage of AMCON With Neutral Recommendation
Explore why Zacks has given AMCON a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover insights into AMCON's strategic expansions, robust sales growth, and dividend policy while considering challenges like rising expenses and competitive pressures.
Neutral
Business Wire
6 months ago
AMCON Distributing Company Completes Acquisition of Richmond Master Distributors, Inc.
OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based Convenience and Foodservice Distributor, is pleased to announce the closing of its previously announced acquisition of Richmond Master Distributors, Inc., of South Bend, Indiana. AMCON, and its subsidiaries Team Sledd, LLC and Henry's Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, f.
Charts implemented using Lightweight Charts™