Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,674 shares of the company’s stock after selling 61 shares during the period. D.A. Davidson & CO.’s holdings in Casey’s General Stores were worth $663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its stake in Casey’s General Stores by 3.9% during the 4th quarter. Truist Financial Corp now owns 8,657 shares of the company’s stock valued at $3,430,000 after purchasing an additional 327 shares during the period. CIBC Asset Management Inc boosted its stake in Casey’s General Stores by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,135 shares of the company’s stock valued at $450,000 after purchasing an additional 57 shares during the period. Pittenger & Anderson Inc. boosted its stake in Casey’s General Stores by 10.1% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,635 shares of the company’s stock valued at $648,000 after purchasing an additional 150 shares during the period. Sanctuary Advisors LLC boosted its stake in Casey’s General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after purchasing an additional 3,065 shares during the period. Finally, Valmark Advisers Inc. boosted its stake in Casey’s General Stores by 1.4% during the 4th quarter. Valmark Advisers Inc. now owns 4,201 shares of the company’s stock valued at $1,665,000 after purchasing an additional 60 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI upped their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada upped their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 2.2 %

CASY stock opened at $414.56 on Tuesday. Casey’s General Stores, Inc. has a 52-week low of $290.00 and a 52-week high of $445.17. The company’s 50 day simple moving average is $409.92 and its 200-day simple moving average is $397.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market capitalization of $15.39 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the business earned $4.24 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Activity

In related news, Director Mike Spanos acquired 500 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Company 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.