Casey's General Stores Inc (NASDAQ:CASY) VP William J. Walljasper sold 2,200 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $108.74, for a total value of $239,228.00. Following the completion of the transaction, the vice president now directly owns 22,109 shares of the company’s stock, valued at approximately $2,404,132.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Casey's General Stores Inc (NASDAQ:CASY) traded down 0.76% on Monday, reaching $111.06. The company’s stock had a trading volume of 558,979 shares. Casey's General Stores Inc has a 52-week low of $105.17 and a 52-week high of $136.22. The firm has a market cap of $4.35 billion, a PE ratio of 22.61 and a beta of 0.46. The stock’s 50 day moving average price is $114.72 and its 200 day moving average price is $118.03.

Casey's General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.32. The business earned $1.77 billion during the quarter, compared to the consensus estimate of $1.81 billion. Casey's General Stores had a net margin of 2.98% and a return on equity of 18.75%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Equities research analysts expect that Casey's General Stores Inc will post $4.61 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Casey's General Stores (NASDAQ:CASY)

The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.96 annualized dividend and a dividend yield of 0.86%. Casey's General Stores’s payout ratio is 18.11%.

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A number of research firms recently commented on CASY. Royal Bank of Canada downgraded Casey's General Stores from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $136.00 to $123.00 in a research note on Tuesday, March 7th. Zacks Investment Research raised Casey's General Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $139.00 price target on shares of Casey's General Stores in a research note on Thursday. Feltl & Co. downgraded Casey's General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 8th. Finally, BMO Capital Markets dropped their price target on Casey's General Stores from $115.00 to $108.00 and set a “market perform” rating for the company in a research note on Wednesday, March 8th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Casey's General Stores currently has an average rating of “Buy” and a consensus price target of $131.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Advisors LLC increased its position in Casey's General Stores by 2.0% in the third quarter. Boston Advisors LLC now owns 6,784 shares of the company’s stock valued at $815,000 after buying an additional 135 shares during the last quarter. Iowa State Bank increased its position in Casey's General Stores by 6.9% in the third quarter. Iowa State Bank now owns 3,100 shares of the company’s stock valued at $372,000 after buying an additional 200 shares during the last quarter. New Jersey Better Educational Savings Trust increased its position in Casey's General Stores by 66.7% in the third quarter. New Jersey Better Educational Savings Trust now owns 5,000 shares of the company’s stock valued at $601,000 after buying an additional 2,000 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Casey's General Stores by 6.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 340,000 shares of the company’s stock valued at $40,851,000 after buying an additional 20,000 shares during the last quarter. Finally, First National Bank of Hutchinson purchased a new position in Casey's General Stores during the third quarter valued at $483,000. Institutional investors own 90.10% of the company’s stock.

Casey's General Stores Company Profile

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.

5 Day Chart for NASDAQ:CASY

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