Insider Selling: Casey’s General Stores, Inc. (NASDAQ:CASY) Insider Sells 250 Shares of Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Casey’s General Stores Stock Up 0.5 %

CASY stock traded up $2.19 during trading on Monday, reaching $418.01. 716,538 shares of the company traded hands, compared to its average volume of 281,445. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The business has a 50 day simple moving average of $416.73 and a 200 day simple moving average of $405.25. Casey’s General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $458.92.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 EPS. On average, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CASY. GAMMA Investing LLC raised its stake in Casey’s General Stores by 54,448.8% in the first quarter. GAMMA Investing LLC now owns 543,852 shares of the company’s stock valued at $236,054,000 after buying an additional 542,855 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Casey’s General Stores by 78.2% during the first quarter. AdvisorNet Financial Inc now owns 704 shares of the company’s stock valued at $306,000 after acquiring an additional 309 shares in the last quarter. Bath Savings Trust Co raised its position in shares of Casey’s General Stores by 4.8% in the 1st quarter. Bath Savings Trust Co now owns 9,093 shares of the company’s stock valued at $3,947,000 after purchasing an additional 415 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Casey’s General Stores in the 1st quarter worth approximately $25,000. Finally, Fire Capital Management LLC purchased a new stake in Casey’s General Stores during the 4th quarter worth approximately $544,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.