Casey’s General Stores, Inc. $CASY Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 23.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 512 shares of the company’s stock after selling 156 shares during the period. Simon Quick Advisors LLC’s holdings in Casey’s General Stores were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $32,000. Rossby Financial LCC grew its stake in Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the last quarter. Iron Horse Wealth Management LLC grew 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 acquiring an additional 26 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Casey’s General Stores in the 2nd quarter valued at about $42,000. Finally, WPG Advisers LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $47,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 0.1%

CASY opened at $513.65 on Tuesday. The firm has a market capitalization of $19.10 billion, a P/E ratio of 32.97 and a beta of 0.68. The firm’s 50 day moving average is $539.27 and its 200-day moving average is $506.08. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.83 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of 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. The Goldman Sachs Group raised their price target on shares of Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Stephens reaffirmed an “overweight” rating and set a $570.00 price target on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $551.78.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction on Monday, September 29th. The shares were 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 owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% 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.