Casey’s General Stores, Inc. (NASDAQ:CASY) Insider Katrina S. Lindsey Sells 250 Shares

Casey’s General Stores, Inc. (NASDAQ:CASY) insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Casey’s General Stores Price Performance

NASDAQ CASY traded up $2.19 on Monday, hitting $418.01. The company had a trading volume of 716,538 shares, compared to its average volume of 281,445. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market capitalization of $15.52 billion, a PE ratio of 29.13, a PEG ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $458.92. The company’s fifty day moving average price is $416.73 and its 200-day moving average price is $405.25.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 EPS. As a group, analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Hedge Funds Weigh In On Casey’s General Stores

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc purchased a new stake in Casey’s General Stores in the 1st quarter valued at $25,000. YANKCOM Partnership acquired a new stake in Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new position in Casey’s General Stores during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $79,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. 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. Evercore ISI lifted their price objective on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $424.00.

About Casey’s General Stores

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.