Key Points
- Director Maria Castanon purchased 300 shares on Jan. 5 at $554.66 each for a total of $166,398, raising her stake to 803 shares (a 59.64% increase).
- Casey’s beat quarterly expectations with $5.53 EPS (vs. $4.92 est.) and 14.2% revenue growth to $4.51 billion, and the company declared a $0.57 quarterly dividend (ex-dividend Jan. 30, payable Feb. 13), equal to $2.28 annually and a 0.4% yield.
Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) Director Moats Maria Castanon purchased 300 shares of the company's stock in a transaction on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director owned 803 shares of the company's stock, valued at $445,391.98. This represents a 59.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Casey's General Stores Stock Down 0.1%
Shares of Casey's General Stores stock opened at $563.84 on Wednesday. Casey's General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $575.98. The firm has a market capitalization of $20.90 billion, a PE ratio of 34.68 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock's fifty day moving average is $550.51 and its 200-day moving average is $536.19.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. Casey's General Stores had a return on equity of 16.89% and a net margin of 3.58%.Casey's General Stores's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $4.85 EPS. Equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.
Casey's General Stores Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey's General Stores's payout ratio is currently 14.02%.
Institutional Investors Weigh In On Casey's General Stores
Several large investors have recently made changes to their positions in the company. Vontobel Holding Ltd. increased its stake in shares of Casey's General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company's stock worth $503,635,000 after purchasing an additional 502,104 shares during the period. Norges Bank acquired a new position in shares of Casey's General Stores during the second quarter worth approximately $210,151,000. Victory Capital Management Inc. lifted its holdings in shares of Casey's General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company's stock worth $447,403,000 after buying an additional 206,777 shares during the last quarter. Invesco Ltd. boosted its position in shares of Casey's General Stores by 71.7% in the second quarter. Invesco Ltd. now owns 483,907 shares of the company's stock valued at $246,923,000 after acquiring an additional 202,033 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Casey's General Stores by 4,224.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company's stock worth $89,147,000 after acquiring an additional 170,665 shares during the last quarter. Institutional investors own 85.63% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CASY. Jefferies Financial Group boosted their target price on shares of Casey's General Stores from $575.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Stephens upped their price target on Casey's General Stores from $570.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, December 3rd. KeyCorp restated an "overweight" rating on shares of Casey's General Stores in a research report on Thursday, December 11th. BMO Capital Markets lifted their target price on Casey's General Stores from $515.00 to $540.00 and gave the company a "market perform" rating in a research note on Wednesday, September 10th. Finally, Zacks Research lowered shares of Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 21st. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $585.67.
View Our Latest Stock Report on CASY
About Casey's General Stores
(
Get Free Report)
Casey's General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.
The company's stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.
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