Casey’s General Stores, Inc. (NASDAQ:CASY) Holdings Trimmed by LGT Financial Advisors LLC

LGT Financial Advisors LLC lowered its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 39.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182 shares of the company’s stock after selling 119 shares during the period. LGT Financial Advisors LLC’s holdings in Casey’s General Stores were worth $68,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Park Place Capital Corp purchased a new position in Casey’s General Stores during the second quarter valued at approximately $31,000. Advisors Asset Management Inc. purchased a new position in shares of Casey’s General Stores during the 1st quarter valued at $32,000. Innealta Capital LLC acquired a new position in shares of Casey’s General Stores in the second quarter worth $32,000. Bank & Trust Co acquired a new position in shares of Casey’s General Stores in the second quarter worth $40,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Casey’s General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Gordon Haskett began coverage on shares of Casey’s General Stores in a report on Monday. They set a “hold” rating and a $400.00 price target on the stock. Finally, Evercore ISI lifted 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 research note on Wednesday, October 16th. One 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $408.25.

Insider Buying and Selling

In other news, Director Mike Spanos bought 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mike Spanos bought 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now directly owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $409.18 on Thursday. Casey’s General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $416.13. The company has a market cap of $15.19 billion, a P/E ratio of 29.78 and a beta of 0.79. The business’s 50 day moving average is $379.15 and its two-hundred day moving average is $364.67. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $4.52 earnings per share. Casey’s General Stores’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s payout ratio is presently 14.56%.

About Casey’s General Stores

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.