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

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Casey's General Stores Stock Performance

Casey's General Stores stock traded up $19.24 on Friday, reaching $457.25. 520,287 shares of the stock were exchanged, compared to its average volume of 283,488. The stock has a market cap of $16.97 billion, a PE ratio of 31.86, a PEG ratio of 2.40 and a beta of 0.74. The firm has a fifty day moving average price of $418.43 and a two-hundred day moving average price of $407.75. Casey's General Stores, Inc. has a twelve month low of $306.60 and a twelve month high of $459.46. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 EPS. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

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Casey's General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Analyst Ratings Changes

CASY has been the topic of several research analyst reports. BMO Capital Markets restated a "market perform" rating and set a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, Evercore ISI lifted their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $430.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC increased its stake in Casey's General Stores by 0.4% during the third quarter. HighTower Advisors LLC now owns 13,645 shares of the company's stock valued at $5,156,000 after acquiring an additional 49 shares during the period. Integrated Wealth Concepts LLC lifted its position in Casey's General Stores by 109.7% in the third quarter. Integrated Wealth Concepts LLC now owns 1,726 shares of the company's stock worth $649,000 after purchasing an additional 903 shares during the period. Quantinno Capital Management LP increased its holdings in Casey's General Stores by 14.6% in the 3rd quarter. Quantinno Capital Management LP now owns 8,696 shares of the company's stock valued at $3,267,000 after buying an additional 1,111 shares during the period. Stifel Financial Corp increased its holdings in Casey's General Stores by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 68,287 shares of the company's stock valued at $25,672,000 after buying an additional 2,722 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Casey's General Stores by 281.4% in the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company's stock valued at $61,863,000 after buying an additional 121,488 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Company Profile

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.