Private Advisor Group LLC Grows Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Private Advisor Group LLC grew its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,645 shares of the company’s stock after acquiring an additional 41 shares during the period. Private Advisor Group LLC’s holdings in Casey’s General Stores were worth $1,370,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in shares of Casey’s General Stores by 21.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,699 shares of the company’s stock valued at $1,014,000 after buying an additional 484 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Casey’s General Stores by 12.4% during the third quarter. Raleigh Capital Management Inc. now owns 354 shares of the company’s stock worth $133,000 after acquiring an additional 39 shares during the period. Evernest Financial Advisors LLC purchased a new position in Casey’s General Stores during the third quarter valued at $12,251,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Casey’s General Stores by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 14,197 shares of the company’s stock valued at $5,334,000 after purchasing an additional 466 shares in the last quarter. Finally, Whittier Trust Co. grew its position in shares of Casey’s General Stores by 4.7% in the third quarter. Whittier Trust Co. now owns 26,598 shares of the company’s stock valued at $9,993,000 after purchasing an additional 1,183 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $394.02 on Friday. The business has a 50-day simple moving average of $378.09 and a 200-day simple moving average of $362.26. The company has a market cap of $14.62 billion, a PE ratio of 28.68 and a beta of 0.80. Casey’s General Stores, Inc. has a one year low of $266.56 and a one year high of $401.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm posted $4.52 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Insiders Place Their Bets

In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mike Spanos acquired 267 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the acquisition, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on CASY shares. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Melius Research initiated coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $408.09.

Casey’s General Stores Profile

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.