Casey's General Stores, Inc. (NASDAQ:CASY) Insider Katrina S. Lindsey Sells 2,000 Shares

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) insider Katrina S. Lindsey sold 2,000 shares of Casey's General Stores stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the completion of the sale, the insider now directly owns 4,636 shares of the company's stock, valued at approximately $2,346,140.52. This trade represents a 30.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Casey's General Stores Trading Down 1.1%

Casey's General Stores stock traded down $5.52 during trading hours on Friday, hitting $500.79. The company had a trading volume of 199,073 shares, compared to its average volume of 303,233. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The firm has a market cap of $18.59 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.53 and a beta of 0.65. The company has a 50-day moving average price of $459.52 and a two-hundred day moving average price of $428.72. Casey's General Stores, Inc. has a 1 year low of $350.52 and a 1 year high of $512.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. Casey's General Stores's quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.46%. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 1st. Casey's General Stores's dividend payout ratio is currently 13.66%.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of recent research reports. BMO Capital Markets boosted their price target on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Evercore ISI boosted their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Royal Bank Of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Stephens restated an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and an average price target of $453.00.

Hedge Funds Weigh In On Casey's General Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Casey's General Stores during the 1st quarter worth about $25,000. Global Financial Private Client LLC lifted its position in shares of Casey's General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the period. Summit Securities Group LLC bought a new position in shares of Casey's General Stores during the first quarter valued at approximately $32,000. Iron Horse Wealth Management LLC boosted its stake in shares of Casey's General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in Casey's General Stores during the first quarter valued at approximately $47,000. Institutional investors own 85.63% of the company's stock.

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.

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