Casey’s General Stores (NASDAQ:CASY) Insider Sells $1,600,000.00 in Stock

Casey’s General Stores, Inc. (NASDAQ:CASYGet Free Report) insider Katrina Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the sale, the insider owned 6,668 shares in the company, valued at $5,334,400. This represents a 23.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Casey’s General Stores Price Performance

Shares of CASY stock traded up $14.55 during mid-day trading on Tuesday, reaching $794.79. The company’s stock had a trading volume of 644,962 shares, compared to its average volume of 547,987. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85. The company has a market cap of $29.41 billion, a P/E ratio of 41.48, a PEG ratio of 2.34 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The firm’s 50-day moving average is $819.20 and its two-hundred day moving average is $706.89.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm earned $2.63 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, research analysts predict that Casey’s General Stores, Inc. will post 21.05 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is 13.57%.

Trending Headlines about Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Capital One Financial began coverage on Casey’s General Stores in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 price objective on the stock. UBS Group boosted their price target on Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and issued a $1,069.00 price target on shares of Casey’s General Stores in a research report on Thursday, June 11th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company lifted their price objective on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $939.29.

Get Our Latest Stock Report on CASY

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC bought a new stake in Casey’s General Stores during the 3rd quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new position in Casey’s General Stores in the 1st quarter valued at $33,000. True Wealth Design LLC raised its position in Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares in the last quarter. Finally, RMG Wealth Management LLC boosted its stake in Casey’s General Stores by 250.0% in the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

About Casey’s General Stores

(Get Free Report)

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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Insider Buying and Selling by Quarter for Casey's General Stores (NASDAQ:CASY)

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