Casey’s General Stores, Inc. (NASDAQ:CASY) Insider Sells $109,252.50 in Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Casey’s General Stores Trading Down 0.4 %

Shares of NASDAQ:CASY opened at $416.49 on Wednesday. Casey’s General Stores, Inc. has a twelve month low of $306.45 and a twelve month high of $458.92. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market cap of $15.46 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a 50 day moving average of $416.65 and a 200-day moving average of $406.03.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CASY shares. Evercore ISI raised their target price on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets restated a “market perform” rating and set a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Institutional Investors Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $25,000. Global Financial Private Client LLC grew its position in Casey’s General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock worth $30,000 after buying an additional 52 shares during the last quarter. YANKCOM Partnership bought a new position in shares of Casey’s General Stores in the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey’s General Stores during the 4th quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.