Casey’s General Stores, Inc. $CASY Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,145 shares of the company’s stock after selling 2,315 shares during the quarter. Sterling Capital Management LLC’s holdings in Casey’s General Stores were worth $7,998,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CASY. Kathmere Capital Management LLC increased its stake in shares of Casey’s General Stores by 3.5% in the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock worth $282,000 after buying an additional 13 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Casey’s General Stores by 4.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock worth $221,000 after purchasing an additional 14 shares during the last quarter. Lincoln Capital LLC lifted its position in shares of Casey’s General Stores by 4.0% during the second quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock worth $291,000 after purchasing an additional 14 shares during the last quarter. Jag Capital Management LLC grew its stake in Casey’s General Stores by 1.0% in the first quarter. Jag Capital Management LLC now owns 1,753 shares of the company’s stock worth $1,276,000 after purchasing an additional 18 shares in the last quarter. Finally, Anchor Investment Management LLC raised its stake in Casey’s General Stores by 72.0% during the second quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock valued at $34,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CASY. KeyCorp reduced their target price on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a research note on Monday, July 13th. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. dropped their target price on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group set a $750.00 price target on shares of Casey’s General Stores in a research report on Wednesday, September 9th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $835.38.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY traded down $14.39 during mid-day trading on Friday, hitting $699.26. The company had a trading volume of 435,324 shares, compared to its average volume of 517,181. Casey’s General Stores, Inc. has a 12 month low of $497.38 and a 12 month high of $927.85. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.31 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. The firm’s 50 day simple moving average is $686.97 and its two-hundred day simple moving average is $773.16.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the business earned $5.77 EPS. The firm’s revenue was up 24.3% on a year-over-year basis. As a group, equities research analysts forecast that Casey’s General Stores, Inc. will post 21.61 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 12.52%.

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.