Casey's General Stores, Inc. (NASDAQ:CASY - Get 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 cost of $390.54 per share, for a total transaction of $99,978.24. Following the transaction, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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 stock was purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00.
Casey's General Stores Stock Performance
Shares of NASDAQ CASY opened at $395.63 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 12 month low of $297.09 and a 12 month high of $445.17. The stock has a 50 day moving average of $409.52 and a 200-day moving average of $399.66. The company has a market capitalization of $14.68 billion, a P/E ratio of 27.57, a P/E/G ratio of 2.40 and a beta of 0.87.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the company posted $2.33 EPS. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.
Casey's General Stores Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on CASY shares. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI dropped their target price on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a research report on Tuesday. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and a consensus target price of $423.09.
Get Our Latest Research Report on CASY
Institutional Trading of Casey's General Stores
Institutional investors have recently added to or reduced their stakes in the company. Soros Capital Management LLC boosted its stake in Casey's General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock valued at $10,382,000 after purchasing an additional 26,197 shares during the period. Sanctuary Advisors LLC boosted its stake in Casey's General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after purchasing an additional 3,065 shares during the period. PNC Financial Services Group Inc. boosted its stake in Casey's General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock valued at $5,532,000 after purchasing an additional 1,332 shares during the period. JLB & Associates Inc. boosted its stake in Casey's General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock valued at $17,049,000 after purchasing an additional 749 shares during the period. Finally, South Dakota Investment Council raised its holdings in Casey's General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock valued at $3,988,000 after acquiring an additional 2,200 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.
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.
Further Reading
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