Ameritas Advisory Services LLC Sells 151 Shares of Casey’s General Stores, Inc. $CASY

Ameritas Advisory Services LLC reduced its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 26.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 410 shares of the company’s stock after selling 151 shares during the period. Ameritas Advisory Services LLC’s holdings in Casey’s General Stores were worth $209,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC boosted its stake in Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after buying an additional 26 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after buying an additional 68 shares in the last quarter. WPG Advisers LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at $47,000. Finally, Wayfinding Financial LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at $59,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Down 0.2%

CASY stock opened at $553.74 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The stock has a market capitalization of $20.59 billion, a P/E ratio of 35.54 and a beta of 0.68. The business has a 50-day moving average of $528.31 and a 200-day moving average of $491.32. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $571.57.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the firm earned $4.83 earnings per share. Casey’s General Stores’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.63%.

Insider Activity

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CASY has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $540.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Evercore ISI boosted their price objective on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Jefferies Financial Group boosted their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Finally, BMO Capital Markets boosted their price objective on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $533.10.

About Casey’s General Stores

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.