Casey’s General Stores, Inc. (NASDAQ:CASY – Get Free Report) insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the sale, the insider now owns 4,636 shares of the company’s stock, valued at $2,346,140.52. The trade was a 30.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Casey’s General Stores Price Performance
Shares of NASDAQ:CASY opened at $500.27 on Monday. Casey’s General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $512.88. The business has a 50-day moving average of $460.38 and a two-hundred day moving average of $429.45. The stock has a market capitalization of $18.57 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.50 and a beta of 0.66. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.69. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Casey’s General Stores had a return on equity of 16.28% and a net margin of 3.43%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.
Casey’s General Stores Increases Dividend
Hedge Funds Weigh In On Casey’s General Stores
Several large investors have recently made changes to their positions in the business. Versant Capital Management Inc bought a new stake in Casey’s General Stores in the 1st quarter valued at $25,000. Global Financial Private Client LLC increased its position in shares of Casey’s General Stores by 325.0% during the first quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Summit Securities Group LLC bought a new stake in shares of Casey’s General Stores during the first quarter valued at approximately $32,000. Iron Horse Wealth Management LLC raised its holdings in shares of Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after buying an additional 26 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Casey’s General Stores in the 1st quarter worth about $47,000. Institutional investors and hedge funds own 85.63% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on CASY shares. Evercore ISI lifted their price target on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Royal Bank Of Canada set a $438.00 price target on Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. KeyCorp lifted their price target on Casey’s General Stores from $500.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. BMO Capital Markets lifted their price target on Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Wednesday, June 11th. Finally, Stephens reiterated an “overweight” rating and set a $490.00 price target on shares of Casey’s General Stores in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.00.
Read Our Latest Report on CASY
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.
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