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Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Benjamin Edwards Inc.

Casey's General Stores logo with Retail/Wholesale background

Benjamin Edwards Inc. lowered its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,884 shares of the company's stock after selling 18,407 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.30% of Casey's General Stores worth $44,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CASY. HighPoint Advisor Group LLC increased its stake in Casey's General Stores by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after buying an additional 25 shares during the period. Dark Forest Capital Management LP raised its position in Casey's General Stores by 3.2% during the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock valued at $357,000 after purchasing an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Harbour Investments Inc. raised its stake in Casey's General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after buying an additional 30 shares in the last quarter. Finally, Laidlaw Wealth Management LLC increased its holdings in shares of Casey's General Stores by 3.1% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

Shares of CASY stock traded down $11.45 during mid-day trading on Friday, hitting $441.05. 438,780 shares of the stock were exchanged, compared to its average volume of 286,791. The stock's fifty day simple moving average is $431.52 and its two-hundred day simple moving average is $417.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a 12-month low of $313.89 and a 12-month high of $474.97. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the previous year, the company posted $2.33 EPS. The company's quarterly revenue was up 17.2% on a year-over-year basis. On average, analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Insider Buying and Selling at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 256 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on CASY shares. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Evercore ISI upped their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Check Out Our Latest Stock Analysis on CASY

Casey's General Stores Profile

(Free Report)

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

Further Reading

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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