Casey’s General Stores, Inc. (NASDAQ:CASY) Director Mike Spanos Purchases 256 Shares

Casey’s General Stores, Inc. (NASDAQ:CASY) Director Mike Spanos purchased 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mike Spanos also recently made the following trade(s):

• On Monday, December 23rd, Mike Spanos purchased 500 shares of Casey’s General Stores stock. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $395.63 on Friday. The business has a fifty day simple moving average of $409.52 and a 200 day simple moving average of $399.66. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a one year low of $297.09 and a one year high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the company posted $2.33 earnings per share. Casey’s General Stores’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

CASY has been the subject of several analyst reports. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday. Evercore ISI reduced their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday. 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, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $423.09.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Soros Capital Management LLC boosted its holdings in Casey’s General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after acquiring an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Casey’s General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after acquiring an additional 3,065 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Casey’s General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after acquiring an additional 1,332 shares during the last quarter. JLB & Associates Inc. boosted its holdings in Casey’s General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after acquiring an additional 749 shares during the last quarter. Finally, South Dakota Investment Council boosted its holdings in Casey’s General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after acquiring an additional 2,200 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Company Profile

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.