Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 73.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,415 shares of the company’s stock after selling 3,970 shares during the quarter. Cresset Asset Management LLC’s holdings in Casey’s General Stores were worth $560,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Barclays PLC raised its stake in Casey’s General Stores by 110.5% during the third quarter. Barclays PLC now owns 22,487 shares of the company’s stock worth $8,450,000 after acquiring an additional 11,802 shares during the period. JPMorgan Chase & Co. grew its position in Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after purchasing an additional 119,350 shares during the last quarter. AdvisorNet Financial Inc grew its position in Casey’s General Stores by 10.6% in the 4th quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock worth $157,000 after purchasing an additional 38 shares during the last quarter. Accurate Wealth Management LLC grew its position in Casey’s General Stores by 21.4% in the 4th quarter. Accurate Wealth Management LLC now owns 703 shares of the company’s stock worth $271,000 after purchasing an additional 124 shares during the last quarter. Finally, Oak Thistle LLC grew its position in Casey’s General Stores by 136.7% in the 4th quarter. Oak Thistle LLC now owns 2,608 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CASY shares. KeyCorp started coverage on shares of Casey’s General Stores in a report on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective for the company. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI raised their target price on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Stephens upgraded Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. Finally, Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $430.33.

Casey’s General Stores Trading Down 0.4%

Casey’s General Stores stock opened at $430.86 on Thursday. The company has a 50 day moving average price of $434.32 and a 200 day moving average price of $419.01. Casey’s General Stores, Inc. has a 52 week low of $313.89 and a 52 week high of $474.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 2.40 and a beta of 0.70.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business posted $2.33 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos bought 256 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

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.