Rhumbline Advisers Sells 2,514 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Rhumbline Advisers decreased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,309 shares of the company’s stock after selling 2,514 shares during the period. Rhumbline Advisers owned approximately 0.33% of Casey’s General Stores worth $46,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Aptus Capital Advisors LLC lifted its holdings in Casey’s General Stores by 24.0% in the second quarter. Aptus Capital Advisors LLC now owns 24,799 shares of the company’s stock valued at $9,462,000 after buying an additional 4,800 shares during the period. Farther Finance Advisors LLC lifted its holdings in Casey’s General Stores by 4.1% in the second quarter. Farther Finance Advisors LLC now owns 1,539 shares of the company’s stock valued at $581,000 after buying an additional 60 shares during the period. Van ECK Associates Corp lifted its holdings in Casey’s General Stores by 16.3% in the second quarter. Van ECK Associates Corp now owns 15,161 shares of the company’s stock valued at $5,785,000 after buying an additional 2,128 shares during the period. J. W. Coons Advisors LLC acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $216,000. Finally, Foster Group Inc. raised its holdings in shares of Casey’s General Stores by 267.9% during the second quarter. Foster Group Inc. now owns 5,504 shares of the company’s stock valued at $2,100,000 after purchasing an additional 4,008 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CASY shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Jefferies Financial Group upped their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. BMO Capital Markets upped their target price on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a report on Thursday, June 13th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.20.

Casey’s General Stores Stock Up 7.4 %

Casey’s General Stores stock opened at $380.74 on Friday. Casey’s General Stores, Inc. has a twelve month low of $238.44 and a twelve month high of $401.07. The firm has a 50 day moving average price of $373.73 and a 200-day moving average price of $341.57. The company has a market capitalization of $14.13 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.52 and a beta of 0.80. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.52.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.52 EPS. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 14.06 EPS for the current year.

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.