Casey’s General Stores, Inc. $CASY Shares Sold by Aberdeen Group plc

Aberdeen Group plc decreased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,240 shares of the company’s stock after selling 5,165 shares during the quarter. Aberdeen Group plc owned 0.18% of Casey’s General Stores worth $36,059,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Casey’s General Stores in the 3rd quarter valued at $25,000. Westside Investment Management Inc. lifted its stake in Casey’s General Stores by 100.0% during 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 in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC grew its position in Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Casey’s General Stores in the 3rd quarter valued at about $33,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. KeyCorp restated an “overweight” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Stephens reiterated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a report on Tuesday, March 10th. Finally, Bank of America initiated coverage on shares of Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating for the company. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $700.09.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $743.42 on Friday. The stock’s 50-day moving average is $671.61 and its two-hundred day moving average is $599.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. Casey’s General Stores, Inc. has a 1-year low of $397.80 and a 1-year high of $746.57. The company has a market cap of $27.48 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $2.33 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Analysts forecast 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 will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.09%.

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.