Tidal Investments LLC Sells 28 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Tidal Investments LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 590 shares of the company’s stock after selling 28 shares during the period. Tidal Investments LLC’s holdings in Casey’s General Stores were worth $222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Casey’s General Stores in the second quarter valued at approximately $32,000. Venturi Wealth Management LLC grew its stake in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC increased its position in shares of Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter worth $68,000. Finally, Quarry LP purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth about $72,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $403.67 on Thursday. The firm’s 50 day simple moving average is $408.85 and its 200 day simple moving average is $386.27. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 1-year low of $268.07 and a 1-year high of $439.68. The firm has a market capitalization of $14.98 billion, a PE ratio of 28.13 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the business posted $4.24 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts expect that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Ratings Changes

Several brokerages have commented on CASY. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Benchmark restated a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research note on Tuesday, September 10th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, Gordon Haskett initiated coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average target price of $424.00.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.