Casey's General Stores Inc (NASDAQ:CASY) Director William C. Kimball sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $108.99, for a total value of $217,980.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Casey's General Stores Inc (NASDAQ:CASY) traded down 0.76% during mid-day trading on Monday, reaching $111.06. The company’s stock had a trading volume of 558,979 shares. Casey's General Stores Inc has a 12-month low of $105.17 and a 12-month high of $136.22. The firm has a market cap of $4.35 billion, a P/E ratio of 22.61 and a beta of 0.46. The firm’s 50-day moving average price is $114.72 and its 200 day moving average price is $118.03.
Casey's General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, March 6th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.32. The business earned $1.77 billion during the quarter, compared to analyst estimates of $1.81 billion. Casey's General Stores had a return on equity of 18.75% and a net margin of 2.98%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. On average, analysts expect that Casey's General Stores Inc will post $4.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.86%. Casey's General Stores’s payout ratio is 18.11%.
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CASY has been the subject of a number of research reports. Zacks Investment Research upgraded Casey's General Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, November 29th. Wells Fargo & Co cut Casey's General Stores to a “top pick” rating in a research report on Wednesday, February 1st. BMO Capital Markets set a $115.00 price objective on Casey's General Stores and gave the company a “hold” rating in a research report on Wednesday, January 25th. Royal Bank of Canada reiterated a “buy” rating on shares of Casey's General Stores in a research report on Tuesday, January 3rd. Finally, Jefferies Group LLC set a $143.00 price objective on Casey's General Stores and gave the company a “buy” rating in a research report on Friday, December 9th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Casey's General Stores presently has a consensus rating of “Buy” and a consensus price target of $131.50.
Several hedge funds have recently bought and sold shares of CASY. Engine Capital Management LLC acquired a new stake in Casey's General Stores during the fourth quarter worth $2,000,000. Canada Pension Plan Investment Board acquired a new stake in Casey's General Stores during the third quarter worth $120,000. Financial Architects Inc acquired a new stake in Casey's General Stores during the third quarter worth $144,000. IFP Advisors Inc boosted its stake in Casey's General Stores by 3.9% in the second quarter. IFP Advisors Inc now owns 1,321 shares of the company’s stock worth $174,000 after buying an additional 50 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in Casey's General Stores during the fourth quarter worth $214,000. 90.10% of the stock is owned by hedge funds and other institutional investors.
Casey's General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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