Casey’s General Stores Inc. (CASY): Why insiders taking interest in this stock

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Casey’s General Stores Inc. (NASDAQ:CASY) changes shares on Thursday trading session, with a change of 0.09% or $0.14 shares. The trading starts at $154.00 and closed at $153.93 throughout the day. The trading session low price was $152.95 and day high was $155.01 on Thursday, June 18. After the session, the Consumer Defensive sector daily volume shifted to 0.2 million while its average volume is 358.28K. In other hand, the CASY market cap reached to $5.57B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.66% and up 5.91% for month. Its quarterly performance was -0.85% below, while its half year performance is down -1.74%. CASY yearly performance stood at positive 0.28% and fall -3.09% for year-to-date. Current recommendation for Casey’s General Stores Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CASY EPS (TTM) for 12-month is 6.12. EPS for this year is 45.10%, while for the next year its value is 6.99. Sales growth for the current quarter is 2.50 while its EPS Q/Q reached -19.10%. It has an EPS of 11.10% up for past five years and for the next five years will be up 10.06%.

Let’s take a look on the analyst recommendations on CASY for the current month and previous month. For the current month, 4 of 11 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 7 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings.

Price (T.Rowe) Associates Inc, Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in Casey’s General Stores Inc. (CASY) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 5.07 million shares which valued 671.86 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 4.08 million shares which valued at 541.12 million. On Mar 30, 2020, Blackrock Inc. has a total of 3.22 million shares which valued at 426.05 million. In the end, Blackrock Inc. have 8.74% shares outstanding of Casey’s General Stores Inc. (CASY) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 89.30%.

The company posted an EPS (TTM) of 6.12. According to the most recent quarter report on (Jul 2020), 11 analysts estimated an average EPS of 2.02, while 2.31 EPS posted a year ago period. Analyst Estimated EPS for CASY published in the report was 1.6-4.06 during the same period. Comparing with last year, the average estimated EPS was 2.31 which is higher than 1.67 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CASY fall -3.99% for period of 200 days. SMA for 50 days was 0.98% which is showing green signal, while SMA-20 was -2.50%. The moving average value for Casey’s General Stores Inc. (CASY) is 157.57 and 154.07 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CASY stock. On Mar 18, Johnson Brian Joseph, SVP, Store Development, sold 8,000 trading shares at the cost of $168.07, which valued at 1.34 million. On Mar 17, Walljasper William J, Senior VP and CFO, sold 2,000 shares at the cost of $163.99, with total shares of 21,581. On Sep 23, Wing Allison M., Director, sold 554 shares at the cost of 165.91. After this transaction, Wing Allison M. total shares reached to 998 which valued at 91914.0.