Caseys General Stores, Inc. (NASDAQ:CASY) SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total transaction of $108,010.00. Following the sale, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Caseys General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.46. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, October 31st. Caseys General Stores’s payout ratio is 24.53%.

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Several equities research analysts have issued reports on CASY shares. Zacks Investment Research downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada set a $116.00 price objective on shares of Caseys General Stores and gave the stock a “hold” rating in a research report on Monday, August 28th. William Blair started coverage on shares of Caseys General Stores in a research report on Wednesday, July 12th. They set an “outperform” rating for the company. Finally, Sidoti downgraded shares of Caseys General Stores from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $118.00 in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Caseys General Stores presently has a consensus rating of “Hold” and a consensus target price of $115.29.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its stake in shares of Caseys General Stores by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock valued at $335,000 after buying an additional 16 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Caseys General Stores by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock valued at $564,000 after buying an additional 18 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Caseys General Stores by 0.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after buying an additional 23 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Caseys General Stores by 0.8% during the 2nd quarter. Pacer Advisors Inc. now owns 5,565 shares of the company’s stock valued at $596,000 after buying an additional 44 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Caseys General Stores by 2.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 3,223 shares of the company’s stock valued at $345,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Caseys 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.

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