Baird Financial Group Inc. Sells 29,521 Shares of Casey’s General Stores, Inc. $CASY

Baird Financial Group Inc. decreased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 172,033 shares of the company’s stock after selling 29,521 shares during the quarter. Baird Financial Group Inc. owned 0.46% of Casey’s General Stores worth $87,784,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its position in shares of Casey’s General Stores by 4.3% during the first quarter. Bank of Nova Scotia now owns 1,300 shares of the company’s stock valued at $564,000 after purchasing an additional 54 shares during the period. Blair William & Co. IL increased its holdings in Casey’s General Stores by 390.3% in the 1st quarter. Blair William & Co. IL now owns 7,100 shares of the company’s stock valued at $3,082,000 after buying an additional 5,652 shares during the period. Atria Wealth Solutions Inc. increased its holdings in Casey’s General Stores by 10.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 9,733 shares of the company’s stock valued at $4,225,000 after buying an additional 930 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Casey’s General Stores by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 285,089 shares of the company’s stock valued at $123,740,000 after buying an additional 8,560 shares in the last quarter. Finally, CenterBook Partners LP lifted its holdings in shares of Casey’s General Stores by 9.3% during the 1st quarter. CenterBook Partners LP now owns 2,976 shares of the company’s stock worth $1,292,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Chad Michael Frazell sold 3,487 shares of the 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 completion of the transaction, the insider owned 7,993 shares in the company, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI upped their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company boosted 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. UBS Group initiated coverage on shares of Casey’s General Stores in a research report on Wednesday. They issued a “neutral” rating and a $600.00 price objective for the company. BMO Capital Markets raised their price target on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Finally, Stephens upped their target price on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.78.

Casey’s General Stores Trading Up 1.4%

NASDAQ:CASY opened at $563.15 on Friday. The stock has a market capitalization of $20.94 billion, a PE ratio of 36.15 and a beta of 0.65. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $573.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The business’s 50-day simple moving average is $548.71 and its 200-day simple moving average is $520.58.

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

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.