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

Janney Montgomery Scott LLC increased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 24.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,210 shares of the company’s stock after purchasing an additional 1,395 shares during the period. Janney Montgomery Scott LLC’s holdings in Casey’s General Stores were worth $2,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Park Place Capital Corp bought a new stake in Casey’s General Stores in the second quarter valued at about $31,000. Innealta Capital LLC acquired a new stake in Casey’s General Stores in the second quarter valued at approximately $32,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores in the 1st quarter worth approximately $32,000. Bank & Trust Co bought a new stake in Casey’s General Stores during the 2nd quarter valued at approximately $40,000. Finally, V Square Quantitative Management LLC raised its stake in shares of 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 valued at $59,000 after buying an additional 29 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos bought 267 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CASY. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their target price for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. Royal Bank of Canada raised their price target on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. Melius Research initiated coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. Finally, Gordon Haskett began coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $408.25.

Casey’s General Stores Price Performance

Shares of CASY opened at $410.97 on Tuesday. The firm has a market capitalization of $15.26 billion, a PE ratio of 29.91 and a beta of 0.79. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $420.27. The stock has a 50 day simple moving average of $383.05 and a 200 day simple moving average of $367.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. 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 posted $4.52 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts predict that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.56%.

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.