Casey’s General Stores Inc (NASDAQ:CASY) insider Terry W. Handley sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $130.05, for a total transaction of $650,250.00. Following the completion of the transaction, the insider now owns 36,945 shares in the company, valued at approximately $4,804,697.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CASY opened at $127.63 on Friday. Casey’s General Stores Inc has a fifty-two week low of $90.42 and a fifty-two week high of $138.45. The company has a current ratio of 0.76, a quick ratio of 0.26 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $4.83 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.71 and a beta of 0.46.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 11th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.18. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.20 billion. Equities analysts forecast that Casey’s General Stores Inc will post 5.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 30.45%.

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Casey’s General Stores during the 4th quarter valued at approximately $46,177,000. Thrivent Financial for Lutherans grew its position in shares of Casey’s General Stores by 174.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 392,085 shares of the company’s stock valued at $50,242,000 after acquiring an additional 249,286 shares during the period. Eagle Asset Management Inc. grew its position in shares of Casey’s General Stores by 20.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 804,882 shares of the company’s stock valued at $103,918,000 after acquiring an additional 138,280 shares during the period. Castleark Management LLC bought a new position in shares of Casey’s General Stores during the 3rd quarter valued at approximately $16,886,000. Finally, Dearborn Partners LLC bought a new position in shares of Casey’s General Stores during the 4th quarter valued at approximately $16,156,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Casey’s General Stores from $107.00 to $123.00 and gave the company an “equal weight” rating in a report on Wednesday, December 12th. BMO Capital Markets set a $130.00 target price on shares of Casey’s General Stores and gave the company a “hold” rating in a report on Thursday, December 13th. Wells Fargo & Co boosted their target price on shares of Casey’s General Stores from $120.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, December 12th. Stephens reiterated a “buy” rating and set a $143.00 price objective on shares of Casey’s General Stores in a report on Wednesday, December 12th. Finally, BidaskClub upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $133.20.

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Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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

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