Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) Director Allison Wing sold 530 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the sale, the director directly owned 3,042 shares of the company's stock, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Casey's General Stores Stock Down 0.3%
Shares of Casey's General Stores stock traded down $2.17 on Friday, reaching $819.83. The stock had a trading volume of 272,113 shares, compared to its average volume of 558,474. The company has a 50 day moving average price of $823.60 and a 200 day moving average price of $722.17. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Casey's General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The stock has a market capitalization of $30.34 billion, a P/E ratio of 42.79, a P/E/G ratio of 2.46 and a beta of 0.62.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $1.06. The company had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.33 billion. Casey's General Stores had a net margin of 4.07% and a return on equity of 18.73%. Casey's General Stores's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 earnings per share. As a group, equities research analysts forecast that Casey's General Stores, Inc. will post 21.14 EPS for the current year.
Casey's General Stores Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This is a boost from Casey's General Stores's previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey's General Stores's payout ratio is currently 11.90%.
Institutional Investors Weigh In On Casey's General Stores
A number of large investors have recently bought and sold shares of CASY. Geode Capital Management LLC lifted its holdings in shares of Casey's General Stores by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company's stock valued at $420,416,000 after buying an additional 52,250 shares during the period. North Dakota State Investment Board acquired a new stake in Casey's General Stores during the fourth quarter worth about $720,000. Burns J W & Co. Inc. NY grew its holdings in Casey's General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company's stock worth $1,782,000 after acquiring an additional 1,245 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in Casey's General Stores during the fourth quarter valued at approximately $1,338,000. Finally, PNC Financial Services Group Inc. raised its position in Casey's General Stores by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 140,491 shares of the company's stock valued at $77,651,000 after acquiring an additional 3,553 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on CASY shares. Stephens set a $975.00 target price on Casey's General Stores and gave the stock an "overweight" rating in a research note on Friday, June 12th. William Blair began coverage on Casey's General Stores in a research note on Wednesday, May 20th. They issued an "outperform" rating for the company. The Goldman Sachs Group raised their price target on Casey's General Stores from $695.00 to $795.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. JPMorgan Chase & Co. boosted their price target on Casey's General Stores from $719.00 to $975.00 and gave the stock a "neutral" rating in a research note on Friday, June 12th. Finally, Morgan Stanley upgraded shares of Casey's General Stores to a "buy" rating in a report on Wednesday, June 10th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and an average price target of $939.29.
View Our Latest Report on CASY
More Casey's General Stores News
Here are the key news stories impacting Casey's General Stores this week:
- Positive Sentiment: Jim Cramer said he would “buy 10 shares” of Casey's General Stores every three weeks, which may reinforce a constructive long-term view among retail investors. Jim Cramer Suggests Buying 10 Casey’s Shares Every Three Weeks
- Positive Sentiment: Casey's recently boosted its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash flow and shareholder returns.
- Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both coming in above estimates, which continues to support the stock’s longer-term strength.
- Neutral Sentiment: Short-interest data showed 0 reported shares, so there is no meaningful bearish short positioning signal in the latest update.
- Negative Sentiment: CEO Darren Rebelez sold 19,000 shares, a sizable reduction in his holdings, which can weigh on sentiment even if the sale was preplanned or personal. SEC Filing
- Negative Sentiment: CFO Stephen P. Bramlage, Jr. also sold 5,700 shares, adding to the impression that insiders are taking profits after the stock’s recent rally. SEC Filing
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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