547 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Acquired by Quest Partners LLC

Quest Partners LLC bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 547 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASY. BNP Paribas Financial Markets increased its holdings in Casey’s General Stores by 105.3% during the 4th quarter. BNP Paribas Financial Markets now owns 17,066 shares of the company’s stock worth $4,689,000 after acquiring an additional 8,753 shares during the period. Jump Financial LLC bought a new stake in Casey’s General Stores during the 4th quarter worth approximately $302,000. Envestnet Portfolio Solutions Inc. grew its stake in Casey’s General Stores by 11.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,609 shares of the company’s stock worth $442,000 after buying an additional 171 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Casey’s General Stores by 6.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,716 shares of the company’s stock worth $1,296,000 after buying an additional 293 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Casey’s General Stores by 21.7% in the 4th quarter. Quadrant Capital Group LLC now owns 599 shares of the company’s stock worth $165,000 after buying an additional 107 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 0.1 %

NASDAQ:CASY opened at $381.63 on Monday. The company has a fifty day moving average of $373.93 and a 200 day moving average of $345.61. Casey’s General Stores, Inc. has a 52 week low of $260.13 and a 52 week high of $401.07. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $14.16 billion, a P/E ratio of 28.42, a P/E/G ratio of 2.58 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating 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 company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the business posted $4.52 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts predict that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Insider Activity at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CASY has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Royal Bank of Canada boosted their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 5th. BMO Capital Markets boosted their price target on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Evercore ISI upped their price objective on shares of Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $401.20.

Casey’s General Stores Company 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.