Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,011 shares of the company’s stock after selling 50 shares during the period. Strategy Asset Managers LLC’s holdings in Casey’s General Stores were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its stake in Casey’s General Stores by 111.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company’s stock valued at $1,504,000 after acquiring an additional 2,113 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Casey’s General Stores by 15.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company’s stock worth $10,736,000 after purchasing an additional 3,776 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Casey’s General Stores by 24.0% in the third quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company’s stock valued at $2,709,000 after purchasing an additional 1,395 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $1,021,000. Finally, Marks Group Wealth Management Inc purchased a new position in Casey’s General Stores during the third quarter worth approximately $5,489,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This represents a 15.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos acquired 267 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the purchase, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Stock Up 0.6 %

Casey’s General Stores stock opened at $413.95 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The firm has a 50 day moving average price of $388.74 and a 200 day moving average price of $371.47. Casey’s General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27. The company has a market capitalization of $15.36 billion, a PE ratio of 30.13 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. Casey’s General Stores’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.52 EPS. Research analysts expect that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.56%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CASY. Royal Bank of Canada upped their target price on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Evercore ISI upped their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Melius Research assumed coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.