Casey’s General Stores, Inc. $CASY Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 501 shares of the company’s stock after selling 74 shares during the quarter. Strategic Blueprint LLC’s holdings in Casey’s General Stores were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASY. Wellington Management Group LLP grew its position in Casey’s General Stores by 190.6% during the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock worth $540,081,000 after buying an additional 816,110 shares during the period. JPMorgan Chase & Co. grew its position in Casey’s General Stores by 42.0% during the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after buying an additional 306,628 shares during the period. Third Point LLC acquired a new position in Casey’s General Stores during the first quarter worth about $130,212,000. Nuveen LLC acquired a new position in Casey’s General Stores during the first quarter worth about $76,467,000. Finally, Bank of New York Mellon Corp grew its position in Casey’s General Stores by 51.5% during the first quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock worth $223,792,000 after buying an additional 175,372 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

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 transaction of $1,936,679.80. Following the sale, the insider owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 9th. Stephens reiterated an “overweight” rating and issued a $570.00 price target on shares of Casey’s General Stores in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Casey’s General Stores in a research report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $536.60.

Casey’s General Stores Stock Up 0.9%

Shares of NASDAQ:CASY opened at $535.95 on Tuesday. The stock has a 50-day simple moving average of $537.78 and a 200-day simple moving average of $503.46. 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 debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The stock has a market capitalization of $19.93 billion, a P/E ratio of 34.40 and a beta of 0.68.

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

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid 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 currently 14.63%.

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.