Mike Spanos Purchases 256 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) Director Mike Spanos purchased 256 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mike Spanos also recently made the following trade(s):

• On Monday, December 23rd, Mike Spanos acquired 500 shares of Casey’s General Stores stock. The shares were bought at an average price of $396.76 per share, for a total transaction of $198,380.00.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $395.63 on Friday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a one year low of $303.95 and a one year high of $445.17. The company’s 50-day simple moving average is $409.52 and its 200-day simple moving average is $399.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the business posted $2.33 EPS. Casey’s General Stores’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s General Stores’s payout ratio is 13.94%.

Analysts Set New Price Targets

Several brokerages recently commented on CASY. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Evercore ISI dropped their price target on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $423.09.

Institutional Trading of Casey’s General Stores

A number of institutional investors and hedge funds have recently modified their holdings of the business. YANKCOM Partnership bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores during the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC grew its holdings in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Casey’s General Stores during the 4th quarter valued at approximately $79,000. 85.63% of the stock is owned by institutional investors and hedge funds.

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.