Casey’s General Stores, Inc. (NASDAQ:CASY) Director Purchases $99,978.24 in Stock

Casey’s General Stores, Inc. (NASDAQ:CASYGet Free Report) Director Mike Spanos purchased 256 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Mike Spanos also recently made the following trade(s):

  • On Monday, December 23rd, Mike Spanos bought 500 shares of Casey’s General Stores stock. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00.

Casey’s General Stores Trading Up 2.8 %

Shares of NASDAQ:CASY opened at $395.63 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $14.69 billion, a PE ratio of 27.57, a PEG ratio of 2.40 and a beta of 0.87. The business has a 50 day moving average of $409.52 and a two-hundred day moving average of $400.07. Casey’s General Stores, Inc. has a 12-month low of $303.95 and a 12-month high of $445.17.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The business 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 business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 EPS. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CASY. Raymond James Financial Inc. acquired a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $236,500,000. Norges Bank purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $175,607,000. Wellington Management Group LLP increased its position in shares of Casey’s General Stores by 160.1% during the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company’s stock worth $169,666,000 after purchasing an additional 263,545 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after purchasing an additional 174,586 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Casey’s General Stores by 1,819.1% during the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after purchasing an additional 123,502 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of research reports. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday. Evercore ISI decreased their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $423.09.

Get Our Latest Analysis on Casey’s General Stores

Casey’s General Stores Company Profile

(Get Free Report)

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.

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