Casey’s General Stores, Inc. $CASY Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,254 shares of the company’s stock after selling 1,622 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Casey’s General Stores were worth $7,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. lifted its stake in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares during the last quarter. Nvwm LLC acquired a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $32,000. Atlantic Union Bankshares Corp bought a new stake in Casey’s General Stores in the 3rd quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its stake in Casey’s General Stores by 490.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after purchasing an additional 54 shares during the period. Finally, Rossby Financial LCC boosted its stake in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after purchasing an additional 58 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CASY. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 target price on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Evercore boosted their price target on Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $662.00 price objective on shares of Casey’s General Stores in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $615.50.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The shares were bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $667.22 on Friday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $678.67. The firm has a market cap of $24.73 billion, a P/E ratio of 41.03, a PEG ratio of 2.36 and a beta of 0.68. The stock has a fifty day moving average price of $608.58 and a two-hundred day moving average price of $562.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the business earned $4.85 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Sunday, February 1st were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 30th. 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.