Casey’s General Stores (NASDAQ:CASY) Insider Katrina Lindsey Sells 200 Shares

Casey’s General Stores, Inc. (NASDAQ:CASY) insider Katrina Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Casey’s General Stores Stock Down 0.9%

Shares of CASY traded down $6.15 during midday trading on Friday, hitting $667.67. The company had a trading volume of 159,682 shares, compared to its average volume of 411,718. Casey’s General Stores, Inc. has a 1 year low of $381.33 and a 1 year high of $696.66. The firm has a market capitalization of $24.68 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.31 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 1.04. The company’s 50-day simple moving average is $641.66 and its 200-day simple moving average is $578.54.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm 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 dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s payout ratio is 13.09%.

Hedge Funds Weigh In On Casey’s General Stores

A number of hedge funds have recently modified their holdings of CASY. Cannon Global Investment Management LLC purchased a new stake in Casey’s General Stores during the 3rd quarter valued at approximately $1,018,000. Advisors Capital Management LLC grew its stake in shares of Casey’s General Stores by 4.4% in the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after purchasing an additional 2,026 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Casey’s General Stores by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after purchasing an additional 1,950 shares during the period. Franklin Resources Inc. increased its holdings in shares of Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after purchasing an additional 2,467 shares during the period. Finally, AE Wealth Management LLC raised its stake in shares of Casey’s General Stores by 82.3% during the third quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,162 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CASY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey’s General Stores in a research report on Thursday, January 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $700.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 4th. Bank of America began coverage on shares of Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $680.00 price objective on shares of Casey’s General Stores in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $698.20.

About Casey’s General Stores

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.