Key Points
- Director Mike Spanos purchased 300 shares on March 13 at $665.43 each (a $199,629 transaction), raising his holdings to 4,499 shares — a reported 7.14% increase in his ownership and disclosed in an SEC filing.
- Quarterly results showed EPS of $3.49 beating estimates of $2.94 while revenue of $3.92B missed expectations, and the company announced a quarterly dividend of $0.57 per share (ex-dividend date May 1).
- CASY trades with a market cap of about $24.9B, a consensus analyst rating of "Moderate Buy" with an average price target of $698.20, and the stock was recently up roughly 1.9% near its 52-week high.
Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) Director Mike Spanos bought 300 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director owned 4,499 shares in the company, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Casey's General Stores Trading Up 1.9%
Shares of CASY stock opened at $673.27 on Tuesday. The company has a market cap of $24.88 billion, a P/E ratio of 38.65, a PEG ratio of 2.18 and a beta of 0.65. The stock has a 50 day simple moving average of $645.94 and a two-hundred day simple moving average of $582.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey's General Stores, Inc. has a fifty-two week low of $386.04 and a fifty-two week high of $696.66.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $4.08 billion. Casey's General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 EPS. Research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.
Casey's General Stores Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey's General Stores's payout ratio is presently 13.09%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on CASY shares. Northcoast Research cut shares of Casey's General Stores from a "buy" rating to a "neutral" rating in a report on Wednesday, January 21st. Evercore set a $665.00 price objective on shares of Casey's General Stores and gave the company an "outperform" rating in a report on Tuesday, February 24th. UBS Group set a $706.00 target price on Casey's General Stores in a research note on Wednesday, March 11th. Bank of America began coverage on Casey's General Stores in a research report on Friday, January 9th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada upped their price target on Casey's General Stores from $662.00 to $713.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 10th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average price target of $698.20.
Check Out Our Latest Analysis on Casey's General Stores
Hedge Funds Weigh In On Casey's General Stores
A number of hedge funds have recently added to or reduced their stakes in the stock. Menard Financial Group LLC increased its holdings in Casey's General Stores by 1.2% during the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company's stock worth $700,000 after purchasing an additional 15 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Casey's General Stores by 0.3% in the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company's stock valued at $2,839,000 after purchasing an additional 16 shares in the last quarter. Steph & Co. boosted its position in shares of Casey's General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company's stock valued at $463,000 after buying an additional 18 shares during the last quarter. LifeWealth Investments LLC grew its holdings in Casey's General Stores by 2.1% during the third quarter. LifeWealth Investments LLC now owns 858 shares of the company's stock worth $485,000 after buying an additional 18 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. grew its holdings in Casey's General Stores by 0.8% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company's stock worth $1,292,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.
Casey's General Stores Company Profile
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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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