Casey's General Stores, Inc. (NASDAQ:CASY) Insider Sells $192,208.50 in Stock

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) insider Katrina S. Lindsey sold 450 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Casey's General Stores Stock Down 0.1 %

NASDAQ CASY traded down $0.43 during mid-day trading on Friday, reaching $425.27. 187,688 shares of the company's stock traded hands, compared to its average volume of 266,126. The company has a fifty day simple moving average of $403.94 and a 200-day simple moving average of $380.83. Casey's General Stores, Inc. has a 1-year low of $266.58 and a 1-year high of $439.68. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 29.67 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.24 earnings per share. As a group, equities research analysts expect that Casey's General Stores, Inc. will post 14.28 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

Several research firms recently commented on CASY. Deutsche Bank Aktiengesellschaft raised their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Friday. Evercore ISI increased their price target on Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a report on Friday. Benchmark restated a "buy" rating and set a $410.00 price objective on shares of Casey's General Stores in a research note on Tuesday, September 10th. Finally, Gordon Haskett began coverage on Casey's General Stores in a research note on Monday, November 4th. They issued a "hold" rating and a $400.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average price target of $412.83.

Institutional Investors Weigh In On Casey's General Stores

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Casey's General Stores during the 2nd quarter worth approximately $2,183,000. Envestnet Portfolio Solutions Inc. lifted its stake in Casey's General Stores by 80.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,800 shares of the company's stock valued at $1,068,000 after buying an additional 1,245 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Casey's General Stores by 10.1% during the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company's stock valued at $121,000 after acquiring an additional 29 shares during the period. Portside Wealth Group LLC grew its position in shares of Casey's General Stores by 150.4% during the second quarter. Portside Wealth Group LLC now owns 2,286 shares of the company's stock worth $872,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Casey's General Stores by 227.1% in the 2nd quarter. Blue Trust Inc. now owns 350 shares of the company's stock worth $134,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

About Casey's General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

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