Denali Advisors LLC Cuts Stake in Casey’s General Stores, Inc. $CASY

Denali Advisors LLC lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 41.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,931 shares of the company’s stock after selling 1,392 shares during the period. Denali Advisors LLC’s holdings in Casey’s General Stores were worth $1,092,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CASY. Steph & Co. grew its stake in shares of Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after acquiring an additional 18 shares during the last quarter. LifeWealth Investments LLC boosted its stake in shares of Casey’s General Stores by 2.1% in the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after buying an additional 18 shares during the last quarter. AdvisorNet Financial Inc raised its position in Casey’s General Stores by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after acquiring an additional 20 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Casey’s General Stores by 0.5% during the second quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock worth $2,116,000 after buying an additional 21 shares in the last quarter. Finally, Eukles Asset Management grew its position in Casey’s General Stores by 0.5% during the third quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock valued at $2,404,000 after buying an additional 21 shares during the period. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America started coverage on shares of Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating for the company. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on shares of Casey’s General Stores in a report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $615.50.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of the company’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of CASY opened at $665.86 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $678.67. The stock has a market cap of $24.68 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.68. The firm has a fifty day moving average price of $599.17 and a 200 day moving average price of $559.11.

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

Casey’s General Stores Announces Dividend

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

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.