Caseys General Stores Target of Unusually High Options Trading (CASY)
Caseys General Stores, Inc. (NASDAQ:CASY) saw unusually large options trading activity on Tuesday. Stock investors purchased 1,603 call options on the stock. This represents an increase of 1,904% compared to the average volume of 80 call options.
In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total transaction of $108,010.00. Following the transaction, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Caseys General Stores by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,489,016 shares of the company’s stock valued at $373,709,000 after buying an additional 48,059 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Caseys General Stores by 20.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock worth $199,819,000 after purchasing an additional 309,263 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in Caseys General Stores by 9.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after purchasing an additional 131,245 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Caseys General Stores by 5.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,331,457 shares of the company’s stock worth $145,728,000 after purchasing an additional 63,323 shares in the last quarter. Finally, State Street Corp boosted its stake in Caseys General Stores by 0.7% in the 2nd quarter. State Street Corp now owns 1,088,458 shares of the company’s stock worth $116,577,000 after purchasing an additional 7,264 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 11th. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). Caseys General Stores had a net margin of 2.02% and a return on equity of 13.42%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. sell-side analysts predict that Caseys General Stores will post 4.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, January 31st. Caseys General Stores’s dividend payout ratio is currently 25.49%.
Several research analysts have issued reports on CASY shares. BidaskClub cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Jefferies Group set a $139.00 target price on shares of Caseys General Stores and gave the stock a “buy” rating in a report on Friday, August 25th. Royal Bank of Canada set a $116.00 target price on shares of Caseys General Stores and gave the stock a “hold” rating in a report on Monday, August 28th. Zacks Investment Research cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Caseys General Stores in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $115.29.
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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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