Casey’s General Stores, Inc. $CASY Shares Sold by Dakota Wealth Management

Dakota Wealth Management lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,847 shares of the company’s stock after selling 820 shares during the period. Dakota Wealth Management’s holdings in Casey’s General Stores were worth $14,612,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its stake in shares of Casey’s General Stores by 129.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock worth $503,635,000 after purchasing an additional 502,104 shares during the period. Norges Bank purchased a new stake in Casey’s General Stores during the second quarter worth about $210,151,000. Invesco Ltd. grew its position in Casey’s General Stores by 71.7% during the second quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock worth $246,923,000 after buying an additional 202,033 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Casey’s General Stores by 4,224.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company’s stock worth $89,147,000 after buying an additional 170,665 shares during the period. Finally, Hennessy Advisors Inc. increased its holdings in Casey’s General Stores by 361.4% in the third quarter. Hennessy Advisors Inc. now owns 101,500 shares of the company’s stock valued at $57,380,000 after buying an additional 79,500 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $671.75 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The company has a market capitalization of $24.90 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 2.36 and a beta of 0.68. The company’s 50 day simple moving average is $611.07 and its 200 day simple moving average is $564.19. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $678.67.

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

Casey’s General Stores Dividend Announcement

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

Insiders Place Their Bets

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director owned 803 shares in the company, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey’s General Stores in a research report on Thursday, January 8th. Northcoast Research cut Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Finally, UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.