Casey’s General Stores, Inc. $CASY Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 615 shares of the company’s stock after selling 99 shares during the period. Farther Finance Advisors LLC’s holdings in Casey’s General Stores were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Casey’s General Stores by 190.6% in the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock valued at $540,081,000 after acquiring an additional 816,110 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 306,628 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Casey’s General Stores by 8.9% during the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock worth $282,045,000 after purchasing an additional 52,939 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 175,372 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Casey’s General Stores by 0.6% during the first quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock worth $145,163,000 after purchasing an additional 1,941 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total transaction of $385,745.60. Following the sale, the chief financial officer owned 25,994 shares of the company’s stock, valued at $13,193,514.64. The trade was a 2.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $560.94 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $523.36 and its two-hundred day moving average is $484.67. Casey’s General Stores, Inc. has a 12-month low of $363.00 and a 12-month high of $571.57. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 36.00 and a beta of 0.66.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) 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 analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the firm posted $4.83 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on CASY. Jefferies Financial Group lifted their target price on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. The Goldman Sachs Group lifted their target price on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Evercore ISI lifted their target price on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Finally, Royal Bank Of Canada boosted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $529.10.

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.