Casey's General Stores, Inc. (NASDAQ:CASY) Director Acquires $99,978.24 in Stock

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) Director Mike Spanos acquired 256 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mike Spanos also recently made the following trade(s):

• On Monday, December 23rd, Mike Spanos purchased 500 shares of Casey's General Stores stock. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00.

Casey's General Stores Stock Performance

NASDAQ CASY traded down $12.79 during trading hours on Tuesday, hitting $386.89. The company had a trading volume of 196,864 shares, compared to its average volume of 267,202. The business has a 50 day moving average of $409.58 and a 200-day moving average of $400.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a 1-year low of $303.95 and a 1-year high of $445.17. The company has a market cap of $14.36 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 earnings per share. As a group, equities research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's payout ratio is currently 13.94%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CASY. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Evercore ISI cut their price target on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $423.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. YANKCOM Partnership purchased a new stake in Casey's General Stores during the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey's General Stores during the fourth quarter worth $36,000. Venturi Wealth Management LLC grew its position in Casey's General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after buying an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Casey's General Stores during the 4th quarter worth $79,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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.