Insider Selling: Casey’s General Stores Inc (CASY) VP Sells 4,300 Shares of Stock

Casey’s General Stores Inc (NASDAQ:CASY) VP William J. Walljasper sold 4,300 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $128.44, for a total value of $552,292.00. Following the completion of the transaction, the vice president now directly owns 26,165 shares in the company, valued at $3,360,632.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ:CASY opened at $131.04 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.26 and a current ratio of 0.81. Casey’s General Stores Inc has a 12 month low of $90.42 and a 12 month high of $137.08. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.96 and a beta of 0.49.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, December 10th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.61 by $0.19. Casey’s General Stores had a return on equity of 13.24% and a net margin of 3.77%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores Inc will post 4.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, January 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.

A number of large investors have recently added to or reduced their stakes in CASY. Parallel Advisors LLC purchased a new stake in shares of Casey’s General Stores during the third quarter worth about $139,000. Ibex Investors LLC purchased a new stake in shares of Casey’s General Stores during the third quarter worth about $206,000. Northwest Wealth Management LLC increased its position in shares of Casey’s General Stores by 43.5% during the third quarter. Northwest Wealth Management LLC now owns 1,650 shares of the company’s stock worth $213,000 after acquiring an additional 500 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of Casey’s General Stores during the third quarter worth about $215,000. Finally, Keel Point LLC purchased a new stake in shares of Casey’s General Stores during the third quarter worth about $219,000. 90.98% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on CASY shares. Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, December 12th. Barclays raised their price objective on Casey’s General Stores from $107.00 to $123.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 12th. BidaskClub raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, December 22nd. BMO Capital Markets set a $130.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a research report on Thursday, December 13th. Finally, Sidoti set a $130.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a research report on Wednesday, December 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $135.09.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2019/01/12/insider-selling-caseys-general-stores-inc-casy-vp-sells-4300-shares-of-stock.html.

About Casey’s General Stores

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.

Further Reading: Systematic Risk and Investors

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply