Casey’s General Stores, Inc. $CASY Stock Holdings Decreased by Denali Advisors LLC

Denali Advisors LLC trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 41.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,931 shares of the company’s stock after selling 1,392 shares during the quarter. Denali Advisors LLC’s holdings in Casey’s General Stores were worth $1,092,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its stake in shares of Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after acquiring an additional 23 shares during the period. Nvwm LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth $32,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Casey’s General Stores in the third quarter valued at $33,000. Cornerstone Planning Group LLC boosted its stake in Casey’s General Stores by 490.9% during the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after buying an additional 54 shares in the last quarter. Finally, Rossby Financial LCC grew its holdings in Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after acquiring an additional 58 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 0.3%

Shares of NASDAQ:CASY opened at $665.86 on Tuesday. The firm has a fifty day moving average of $599.17 and a two-hundred day moving average of $559.11. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $678.67. The firm has a market capitalization of $24.68 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.85 EPS. On average, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, January 30th. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Insider Transactions at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the transaction, the director directly owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Bank of America started coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating for the company. Stephens upped their price target on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Wells Fargo & Company raised their price objective on Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey’s General Stores in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $615.50.

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.