Goldman Sachs Group Inc. Sells 21,657 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Goldman Sachs Group Inc. lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,032 shares of the company’s stock after selling 21,657 shares during the quarter. Goldman Sachs Group Inc. owned about 0.41% of Casey’s General Stores worth $41,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in Casey’s General Stores during the 4th quarter valued at approximately $35,000. McGlone Suttner Wealth Management Inc. purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. lifted its holdings in Casey’s General Stores by 283.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock worth $45,000 after purchasing an additional 122 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Casey’s General Stores by 81.7% in the 4th quarter. Blue Trust Inc. now owns 169 shares of the company’s stock worth $46,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CASY. Benchmark boosted their price target on Casey’s General Stores from $350.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Wells Fargo & Company boosted their price target on Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. Evercore ISI lowered their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Northcoast Research cut Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, May 15th. Finally, Royal Bank of Canada boosted their price target on Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $380.11.

Casey’s General Stores Stock Down 2.2 %

Shares of CASY opened at $368.41 on Friday. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.87 and a quick ratio of 0.42. The business’s 50 day simple moving average is $332.93 and its 200-day simple moving average is $305.02. Casey’s General Stores, Inc. has a 1 year low of $216.95 and a 1 year high of $389.43.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.64. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 14.18 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.54%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. Casey’s General Stores’s payout ratio is currently 12.81%.

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.