Quest Partners LLC Purchases 97 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Quest Partners LLC lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 644 shares of the company’s stock after purchasing an additional 97 shares during the period. Quest Partners LLC’s holdings in Casey’s General Stores were worth $242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its stake in Casey’s General Stores by 111.7% in the third quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company’s stock valued at $1,504,000 after buying an additional 2,113 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of Casey’s General Stores by 15.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company’s stock worth $10,736,000 after buying an additional 3,776 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Casey’s General Stores by 24.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company’s stock worth $2,709,000 after buying an additional 1,395 shares during the period. Bailard Inc. acquired a new position in Casey’s General Stores in the 2nd quarter valued at about $1,021,000. Finally, Marks Group Wealth Management Inc bought a new position in Casey’s General Stores in the 3rd quarter valued at about $5,489,000. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The trade was a 24.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CASY has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Royal Bank of Canada raised their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. Melius Research began coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. Finally, Gordon Haskett started coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Down 0.0 %

Shares of CASY opened at $426.49 on Wednesday. The firm has a 50 day simple moving average of $391.26 and a two-hundred day simple moving average of $373.78. The company has a market cap of $15.83 billion, a P/E ratio of 31.04 and a beta of 0.79. Casey’s General Stores, Inc. has a one year low of $266.56 and a one year high of $435.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the company earned $4.52 EPS. Casey’s General Stores’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts forecast that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Casey’s General Stores Company 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.