Moats Maria Castanon Purchases 300 Shares of Casey’s General Stores (NASDAQ:CASY) Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) Director Moats Maria Castanon bought 300 shares of the stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Casey’s General Stores Price Performance

CASY opened at $573.61 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The stock’s 50 day simple moving average is $551.40 and its 200 day simple moving average is $536.45. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of 35.28 and a beta of 0.67. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $575.98.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the prior year, the firm posted $4.85 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 14.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new position in Casey’s General Stores in the third quarter worth $25,000. Westside Investment Management Inc. increased its stake in shares of Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after acquiring an additional 23 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. Nvwm LLC bought a new stake in Casey’s General Stores during the second quarter worth about $32,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Casey’s General Stores in the third quarter worth about $33,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CASY. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Stephens increased their price objective on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. KeyCorp reissued an “overweight” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Finally, Wells Fargo & Company upped their target price on Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $585.67.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.