Caseys General Stores, Inc. (NASDAQ:CASY) SVP John C. Soupene sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the transaction, the senior vice president now owns 1,253 shares of the company’s stock, valued at $133,469.56. The transaction was disclosed in a filing with the SEC, which is available through this link.

Caseys General Stores, Inc. (NASDAQ CASY) traded up 0.83% during midday trading on Wednesday, reaching $106.88. 590,453 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $112.48 and a 200-day moving average of $114.78. Caseys General Stores, Inc. has a 12 month low of $105.50 and a 12 month high of $136.22. The stock has a market cap of $4.17 billion, a PE ratio of 23.86 and a beta of 0.48.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.09. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.88 billion. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. On average, equities research analysts predict that Caseys General Stores, Inc. will post $4.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.26 dividend. The ex-dividend date is Friday, July 28th. This represents a $1.04 annualized dividend and a yield of 0.98%. This is a boost from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s payout ratio is 21.43%.

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A number of research firms recently issued reports on CASY. BMO Capital Markets set a $116.00 price objective on shares of Caseys General Stores and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Sidoti cut shares of Caseys General Stores from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $118.00 in a research report on Tuesday, June 6th. Zacks Investment Research cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $139.00 price objective on shares of Caseys General Stores in a research report on Tuesday, June 20th. Finally, Northcoast Research cut shares of Caseys General Stores from a “buy” rating to a “neutral” rating in a research report on Thursday, March 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Caseys General Stores currently has an average rating of “Hold” and a consensus target price of $120.50.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Caseys General Stores by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock valued at $386,247,000 after buying an additional 186,873 shares during the period. BlackRock Inc. boosted its stake in Caseys General Stores by 14,288.2% in the first quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock valued at $347,227,000 after buying an additional 3,071,830 shares during the period. Vontobel Asset Management Inc. boosted its stake in Caseys General Stores by 25.4% in the first quarter. Vontobel Asset Management Inc. now owns 1,498,546 shares of the company’s stock valued at $173,215,000 after buying an additional 303,068 shares during the period. Iridian Asset Management LLC CT boosted its stake in Caseys General Stores by 0.7% in the first quarter. Iridian Asset Management LLC CT now owns 1,422,100 shares of the company’s stock valued at $159,631,000 after buying an additional 9,850 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Caseys General Stores by 23.6% in the first quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock valued at $154,194,000 after buying an additional 262,360 shares during the period. Institutional investors and hedge funds own 96.76% of the company’s stock.

About Caseys General Stores

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

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