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

Yousif Capital Management LLC lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,131 shares of the company’s stock after selling 329 shares during the period. Yousif Capital Management LLC’s holdings in Casey’s General Stores were worth $4,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 26 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 purchasing an additional 68 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $47,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider owned 7,993 shares in the company, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CASY. BMO Capital Markets increased their target price 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. The Goldman Sachs Group increased their target price on 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. Royal Bank Of Canada increased their target price on 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. Wells Fargo & Company began coverage on Casey’s General Stores in a research note on Wednesday. They set an “overweight” rating and a $610.00 target price on the stock. Finally, Evercore ISI increased their target price 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. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $536.10.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $564.17 on Thursday. The stock’s 50-day moving average is $532.26 and its two-hundred day moving average is $496.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $572.18. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 36.21 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the business earned $4.83 EPS. Casey’s General Stores’s revenue was up 11.5% on a year-over-year basis. Analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 14.63%.

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.