Janus Henderson Group PLC Sells 79,681 Shares of Casey’s General Stores, Inc. $CASY

Janus Henderson Group PLC lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369,218 shares of the company’s stock after selling 79,681 shares during the quarter. Janus Henderson Group PLC’s holdings in Casey’s General Stores were worth $268,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in Casey’s General Stores in the 1st quarter valued at $33,000. ORG Partners LLC boosted its holdings in shares of Casey’s General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Casey’s General Stores by 252.4% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after purchasing an additional 53 shares during the last quarter. RMG Wealth Management LLC grew its position in shares of Casey’s General Stores by 250.0% during the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock valued at $41,000 after purchasing an additional 40 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of Casey’s General Stores during the fourth quarter valued at about $43,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.0%

Shares of NASDAQ CASY opened at $867.50 on Friday. The firm’s 50-day moving average price is $822.86 and its 200-day moving average price is $751.53. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $32.11 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 2.60 and a beta of 0.62. Casey’s General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $2.63 earnings per share. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio is 11.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CASY shares. The Goldman Sachs Group boosted their target price on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Stephens set a $975.00 price target on Casey’s General Stores and gave the company an “overweight” rating in a report on Friday, June 12th. UBS Group lifted their price objective on Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. BMO Capital Markets raised Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price objective on the stock in a report on Monday, June 29th. Finally, Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $944.20.

Insiders Place Their Bets

In other news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the transaction, the chief financial officer owned 29,677 shares of the company’s stock, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the sale, the insider owned 9,823 shares in the company, valued at $7,735,514.27. The trade was a 23.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,243 shares of company stock worth $24,421,877. 0.67% of the stock is currently owned by company insiders.

About Casey’s General Stores

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.