Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,254 shares of the company’s stock after selling 339 shares during the period. Bank of New Hampshire’s holdings in Casey’s General Stores were worth $3,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CASY. Victory Capital Management Inc. increased its holdings in shares of Casey’s General Stores by 95.6% in the second quarter. Victory Capital Management Inc. now owns 125,561 shares of the company’s stock valued at $47,909,000 after purchasing an additional 61,368 shares during the period. Arizona State Retirement System boosted its stake in shares of Casey’s General Stores by 1.6% in the second quarter. Arizona State Retirement System now owns 10,363 shares of the company’s stock valued at $3,954,000 after buying an additional 165 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Casey’s General Stores by 5.2% in the second quarter. Private Advisor Group LLC now owns 3,604 shares of the company’s stock valued at $1,375,000 after buying an additional 178 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $363,000. Finally, Quest Partners LLC purchased a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CASY. Melius Research began coverage on Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target on the stock. Evercore ISI lifted their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. downgraded 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY traded up $0.25 on Tuesday, hitting $397.01. The company had a trading volume of 4,942 shares, compared to its average volume of 154,777. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 52-week low of $268.07 and a 52-week high of $439.68. The business has a 50 day moving average of $410.07 and a 200 day moving average of $388.32. The company has a market cap of $14.74 billion, a PE ratio of 27.67 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the business earned $4.24 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos bought 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

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.