Jefferies Financial Group Inc. Sells 35,955 Shares of Casey’s General Stores, Inc. $CASY

Jefferies Financial Group Inc. decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 96.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,357 shares of the company’s stock after selling 35,955 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Casey’s General Stores were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Dakota State Investment Board bought a new stake in Casey’s General Stores during the 4th quarter valued at $720,000. Advisors Capital Management LLC raised its holdings in Casey’s General Stores by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after acquiring an additional 2,026 shares during the period. Thrivent Financial for Lutherans raised its holdings in Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after acquiring an additional 1,950 shares during the period. GSA Capital Partners LLP raised its holdings in Casey’s General Stores by 61.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,572 shares of the company’s stock valued at $1,454,000 after acquiring an additional 980 shares during the period. Finally, AE Wealth Management LLC raised its holdings in Casey’s General Stores by 82.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after acquiring an additional 1,162 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 1.8%

CASY opened at $767.14 on Friday. The company has a fifty day moving average price of $780.50 and a 200-day moving average price of $667.59. The firm has a market capitalization of $28.35 billion, a P/E ratio of 44.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. Casey’s General Stores, Inc. has a one year low of $433.16 and a one year high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. Equities research analysts expect that Casey’s General Stores, Inc. will post 18.19 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.57 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stephens reissued an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a report on Tuesday, March 10th. KeyCorp boosted their target price on shares of Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. JPMorgan Chase & Co. assumed coverage on shares of Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target for the company. BMO Capital Markets restated a “market perform” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 4th. Finally, Evercore restated an “outperform” rating and set a $915.00 price target on shares of Casey’s General Stores in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $752.36.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos bought 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.