Shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $868.43 and last traded at $864.82, with a volume of 25142 shares traded. The stock had previously closed at $859.49.
Analysts Set New Price Targets
Several research analysts have weighed in on CASY shares. Jefferies Financial Group increased their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 4th. The Goldman Sachs Group increased their price target on shares of Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Stephens restated an “overweight” rating and set a $680.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $725.09.
Read Our Latest Report on CASY
Casey’s General Stores Stock Up 0.8%
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current year.
Casey’s General Stores Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s payout ratio is currently 13.09%.
Insiders Place Their Bets
In related news, Director Mike Spanos purchased 300 shares of Casey’s General Stores stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.54% of the company’s stock.
Institutional Trading of Casey’s General Stores
A number of institutional investors and hedge funds have recently bought and sold shares of CASY. NewEdge Advisors LLC increased its holdings in Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after acquiring an additional 113 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after acquiring an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after acquiring an additional 177 shares during the last quarter. Amundi bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $338,000. Finally, Jump Financial LLC increased its holdings in shares of Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after buying an additional 289 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.
Casey’s General Stores Company Profile
Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.
The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.
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