Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) insider Thomas Brennan, Jr. sold 3,000 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $786.53, for a total transaction of $2,359,590.00. Following the sale, the insider directly owned 11,171 shares in the company, valued at approximately $8,786,326.63. This represents a 21.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Casey's General Stores Trading Up 1.4%
Shares of CASY opened at $674.84 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57. The firm's 50-day moving average is $662.52 and its two-hundred day moving average is $740.48. Casey's General Stores, Inc. has a twelve month low of $513.10 and a twelve month high of $927.85. The firm has a market capitalization of $24.94 billion, a P/E ratio of 32.51, a PEG ratio of 2.15 and a beta of 0.59.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.78 by $0.59. Casey's General Stores had a net margin of 4.14% and a return on equity of 19.68%. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.56 billion. During the same period last year, the company posted $5.77 earnings per share. The firm's quarterly revenue was up 24.3% compared to the same quarter last year. On average, research analysts predict that Casey's General Stores, Inc. will post 21.61 earnings per share for the current fiscal year.
Casey's General Stores Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be issued a $0.65 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey's General Stores's dividend payout ratio is currently 12.52%.
Analyst Ratings Changes
CASY has been the subject of several research reports. William Blair reaffirmed an "outperform" rating on shares of Casey's General Stores in a report on Wednesday, September 16th. Evercore reiterated an "outperform" rating and set a $775.00 target price on shares of Casey's General Stores in a research report on Friday, September 11th. Raymond James Financial raised Casey's General Stores from a "market perform" rating to an "outperform" rating and set a $750.00 target price on the stock in a report on Thursday, September 10th. Wells Fargo & Company dropped their price target on Casey's General Stores from $960.00 to $750.00 and set an "overweight" rating for the company in a research report on Wednesday, September 9th. Finally, KeyCorp dropped their price target on Casey's General Stores from $970.00 to $780.00 and set an "overweight" rating for the company in a research report on Thursday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $835.38.
Read Our Latest Report on CASY
Institutional Trading of Casey's General Stores
Several institutional investors and hedge funds have recently modified their holdings of the business. Fiduciary Financial Advisors acquired a new position in shares of Casey's General Stores during the 2nd quarter worth approximately $26,000. Polaris Financial Partners purchased a new stake in Casey's General Stores in the 3rd quarter valued at approximately $29,000. Whipplewood Advisors LLC purchased a new stake in Casey's General Stores in the 1st quarter valued at approximately $33,000. Bell Investment Advisors Inc acquired a new stake in Casey's General Stores during the 2nd quarter valued at $33,000. Finally, Anchor Investment Management LLC grew its holdings in Casey's General Stores by 72.0% during the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company's stock valued at $34,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors 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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