Insider Selling: Casey’s General Stores Director Unloads 2,000 Shares of Stock (CASY)
Casey’s General Stores (NASDAQ:CASY) Director Johnny Danos unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $69.75, for a total value of $139,500.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $139,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Casey’s General Stores (NASDAQ:CASY) traded down 1.26% during mid-day trading on Friday, hitting $68.03. The stock had a trading volume of 53,119 shares. Casey’s General Stores has a 1-year low of $51.45 and a 1-year high of $77.58. The stock’s 50-day moving average is $72. and its 200-day moving average is $69.75. The company has a market cap of $2.618 billion and a P/E ratio of 19.66.
Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.08. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, January 30th.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Casey’s General Stores from $75.00 to $78.00 in a research note to investors on Tuesday, December 10th. They now have a “sector perform” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Casey’s General Stores from $79.00 to $86.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $73.00.
Casey’s General Stores, Inc and its wholly owned subsidiaries (NASDAQ:CASY), operate convenience stores under the name Casey’s General Store in 11 Midwestern states, primarily Iowa, Missouri, and Illinois.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.