Casey’s General Stores, Inc. (NASDAQ:CASY) Position Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,077 shares of the company’s stock after selling 133 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Casey’s General Stores were worth $2,804,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Quarry LP acquired a new stake in Casey’s General Stores during the 2nd quarter worth about $72,000. Finally, Kennebec Savings Bank purchased a new stake in Casey’s General Stores during the third quarter valued at about $76,000. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett started coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price for the company. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Royal Bank of Canada upped their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Stock Down 0.3 %

CASY opened at $421.77 on Friday. The company has a market capitalization of $15.66 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. The business has a 50-day moving average of $408.41 and a 200-day moving average of $391.74. Casey’s General Stores, Inc. has a fifty-two week low of $269.35 and a fifty-two week high of $439.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.24 earnings per share. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos purchased 500 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.