Bridges Investment Management Inc. Has $76.32 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Bridges Investment Management Inc. raised its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,836 shares of the company's stock after acquiring an additional 3,007 shares during the quarter. Casey's General Stores accounts for about 1.1% of Bridges Investment Management Inc.'s investment portfolio, making the stock its 26th largest holding. Bridges Investment Management Inc. owned approximately 0.47% of Casey's General Stores worth $76,320,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its holdings in Casey's General Stores by 9.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,507 shares of the company's stock worth $1,522,000 after purchasing an additional 303 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Casey's General Stores by 201.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 26,862 shares of the company's stock worth $11,433,000 after buying an additional 17,951 shares during the last quarter. M&T Bank Corp increased its stake in shares of Casey's General Stores by 39.6% in the first quarter. M&T Bank Corp now owns 2,515 shares of the company's stock worth $1,092,000 after buying an additional 713 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Casey's General Stores by 2.1% in the first quarter. Stratos Wealth Partners LTD. now owns 13,875 shares of the company's stock valued at $6,023,000 after acquiring an additional 289 shares in the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in Casey's General Stores by 0.9% during the 1st quarter. Liberty One Investment Management LLC now owns 48,752 shares of the company's stock valued at $21,160,000 after acquiring an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

CASY has been the topic of several research analyst reports. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Stephens restated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. The Goldman Sachs Group boosted their price target on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Wells Fargo & Company raised their target price on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Evercore ISI upped their price target on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Casey's General Stores currently has an average rating of "Moderate Buy" and a consensus price target of $461.00.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos bought 200 shares of Casey's General Stores stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of $503.18 per share, with a total value of $100,636.00. Following the acquisition, the director owned 3,560 shares in the company, valued at $1,791,320.80. This trade represents a 5.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the sale, the insider owned 4,636 shares in the company, valued at $2,346,140.52. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,646 shares of company stock worth $22,136,614. Company insiders own 0.56% of the company's stock.

Casey's General Stores Stock Performance

CASY stock traded up $10.02 during trading hours on Wednesday, reaching $522.32. The stock had a trading volume of 352,694 shares, compared to its average volume of 304,596. The stock has a 50-day simple moving average of $473.58 and a 200 day simple moving average of $437.16. The stock has a market capitalization of $19.42 billion, a PE ratio of 35.68 and a beta of 0.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $526.82.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The firm had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the business posted $2.34 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.57 dividend. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 1st. This represents a $2.28 annualized dividend and a yield of 0.44%. Casey's General Stores's payout ratio is 13.66%.

Casey's General Stores Company 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.