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

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.

Casey's General Stores Profile

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.