Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Trimmed by Benjamin Edwards Inc.

Benjamin Edwards Inc. lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,789 shares of the company’s stock after selling 250 shares during the period. Benjamin Edwards Inc.’s holdings in Casey’s General Stores were worth $2,591,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in Casey’s General Stores by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after acquiring an additional 10,841 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Casey’s General Stores by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock valued at $178,822,000 after acquiring an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Casey’s General Stores by 20.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after purchasing an additional 77,515 shares during the period. Norges Bank acquired a new position in shares of Casey’s General Stores during the 4th quarter valued at $115,799,000. Finally, Congress Asset Management Co. MA acquired a new position in shares of Casey’s General Stores during the 1st quarter valued at $112,081,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. Evercore ISI lifted their price target on Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group lifted their price target on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Benchmark reiterated a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, BMO Capital Markets lifted their price target on Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $404.90.

Insider Transactions at Casey’s General Stores

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

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $365.23 on Friday. 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 stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.58 and a beta of 0.80. The stock’s fifty day simple moving average is $374.68 and its 200 day simple moving average is $346.81. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $4.52 earnings per share. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 14.15 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 Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.55%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.89%.

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.