Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Nkcfo LLC

Nkcfo LLC cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the company’s stock after selling 700 shares during the quarter. Nkcfo LLC’s holdings in Casey’s General Stores were worth $763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of Casey’s General Stores during the first quarter worth about $30,000. Park Place Capital Corp acquired a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $31,000. Advisors Asset Management Inc. bought a new stake in shares of Casey’s General Stores during the first quarter valued at approximately $32,000. Innealta Capital LLC acquired a new position in shares of Casey’s General Stores during the second quarter worth approximately $32,000. Finally, V Square Quantitative Management LLC bought a new position in Casey’s General Stores in the 4th quarter worth approximately $35,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction dated 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 sale, 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. Company insiders own 0.47% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $368.00 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. The company has a 50 day simple moving average of $374.29 and a 200-day simple moving average of $347.32. 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 released 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 company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $4.52 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s payout ratio is currently 14.89%.

Analyst Ratings Changes

Several brokerages have weighed in on CASY. Royal Bank of Canada lifted their target price on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a research report on Thursday, July 11th. Jefferies Financial Group increased their price objective on shares of Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. 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 equities research 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. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $404.90.

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.