Casey’s General Stores (NASDAQ:CASY) CFO Stephen Bramlage, Jr. Sells 5,700 Shares

Casey’s General Stores, Inc. (NASDAQ:CASY) CFO Stephen Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the sale, the chief financial officer owned 29,677 shares in the company, valued at $24,874,074.32. This represents a 16.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Casey’s General Stores Trading Down 0.3%

Casey’s General Stores stock traded down $2.17 during trading hours on Friday, hitting $819.83. The stock had a trading volume of 272,113 shares, compared to its average volume of 558,474. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock has a market cap of $30.34 billion, a price-to-earnings ratio of 42.79, a P/E/G ratio of 2.46 and a beta of 0.62. Casey’s General Stores, Inc. has a one year low of $490.00 and a one year high of $927.85. The business’s 50 day simple moving average is $823.60 and its 200-day simple moving average is $722.17.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $2.63 earnings per share. On average, equities analysts predict that Casey’s General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a $0.65 dividend. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

Institutional Investors Weigh In On Casey’s General Stores

A number of institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division raised its stake in Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the last quarter. True Wealth Design LLC boosted its position in Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Casey’s General Stores during the 1st quarter worth about $33,000. ORG Partners LLC grew its holdings in Casey’s General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares during the period. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Casey’s General Stores during the 3rd quarter worth about $35,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores News Summary

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Jim Cramer said he would “buy 10 shares” of Casey’s General Stores every three weeks, which may reinforce a constructive long-term view among retail investors. Jim Cramer Suggests Buying 10 Casey’s Shares Every Three Weeks
• Positive Sentiment: Casey’s recently boosted its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash flow and shareholder returns.
• Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both coming in above estimates, which continues to support the stock’s longer-term strength.
• Neutral Sentiment: Short-interest data showed 0 reported shares, so there is no meaningful bearish short positioning signal in the latest update.
• Negative Sentiment: CEO Darren Rebelez sold 19,000 shares, a sizable reduction in his holdings, which can weigh on sentiment even if the sale was preplanned or personal. SEC Filing
• Negative Sentiment: CFO Stephen P. Bramlage, Jr. also sold 5,700 shares, adding to the impression that insiders are taking profits after the stock’s recent rally. SEC Filing

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CASY. William Blair began coverage on shares of Casey’s General Stores in a research note on Wednesday, May 20th. They issued an “outperform” rating on the stock. Stephens set a $975.00 target price on Casey’s General Stores and gave the stock an “overweight” rating in a research report on Friday, June 12th. UBS Group lifted their target price on Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. upped their price target on Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Finally, Wolfe Research reissued an “outperform” rating and issued a $1,069.00 price target on shares of Casey’s General Stores in a research note on Thursday, June 11th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $939.29.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.