Casey’s General Stores Inc (NASDAQ:CASY) SVP Julia L. Jackowski sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $149.49, for a total value of $2,989,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CASY stock traded down $0.31 during trading on Friday, hitting $151.98. The company’s stock had a trading volume of 488,438 shares, compared to its average volume of 330,249. Casey’s General Stores Inc has a 52 week low of $99.06 and a 52 week high of $154.35. The firm has a market cap of $5.49 billion, a PE ratio of 27.58, a P/E/G ratio of 2.71 and a beta of 0.45. The company has a quick ratio of 0.22, a current ratio of 0.69 and a debt-to-equity ratio of 0.91.
Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, June 10th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.27. Casey’s General Stores had a return on equity of 14.95% and a net margin of 2.18%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company earned $0.51 earnings per share. Casey’s General Stores’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores Inc will post 5.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.84%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. Casey’s General Stores’s dividend payout ratio is 21.05%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can boosted its holdings in shares of Casey’s General Stores by 3.2% in the fourth quarter. Bank of Montreal Can now owns 5,520 shares of the company’s stock worth $708,000 after acquiring an additional 172 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter worth $269,000. Rhumbline Advisers boosted its holdings in shares of Casey’s General Stores by 39.8% in the fourth quarter. Rhumbline Advisers now owns 102,367 shares of the company’s stock worth $13,117,000 after acquiring an additional 29,143 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Casey’s General Stores by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 44,441 shares of the company’s stock worth $5,695,000 after acquiring an additional 124 shares during the period. Finally, Dupont Capital Management Corp bought a new position in shares of Casey’s General Stores in the fourth quarter worth $363,000. 90.23% of the stock is owned by institutional investors and hedge funds.
CASY has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Casey’s General Stores in a report on Thursday, April 25th. They issued a “neutral” rating and a $140.00 target price for the company. BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a report on Wednesday, March 13th. Sidoti set a $138.00 target price on Casey’s General Stores and gave the company a “hold” rating in a report on Friday, February 15th. Finally, Zacks Investment Research raised Casey’s General Stores from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $148.30.
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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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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