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

Brown Advisory Inc. reduced its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 354,398 shares of the company's stock after selling 20,914 shares during the quarter. Brown Advisory Inc. owned about 0.95% of Casey's General Stores worth $153,823,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CASY. Versant Capital Management Inc acquired a new position in shares of Casey's General Stores during the 1st quarter worth $25,000. Global Financial Private Client LLC grew its stake in shares of Casey's General Stores by 325.0% during the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the period. Whipplewood Advisors LLC grew its stake in shares of Casey's General Stores by 160.0% during the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after purchasing an additional 72 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Casey's General Stores during the 1st quarter worth $59,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores in the 4th quarter worth about $79,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $507.56, for a total value of $385,745.60. Following the completion of the sale, the chief financial officer owned 25,994 shares of the company's stock, valued at $13,193,514.64. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 200 shares of the stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of $503.18 per share, with a total value of $100,636.00. Following the transaction, the director directly owned 3,560 shares of the company's stock, valued at $1,791,320.80. This represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 43,646 shares of company stock worth $22,136,614 in the last quarter. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Trading Down 2.6%

NASDAQ CASY traded down $13.86 during mid-day trading on Tuesday, hitting $512.30. The company's stock had a trading volume of 413,978 shares, compared to its average volume of 303,677. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $528.26. The stock's fifty day simple moving average is $472.60 and its two-hundred day simple moving average is $436.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. The firm has a market capitalization of $19.05 billion, a P/E ratio of 34.99 and a beta of 0.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the firm earned $2.34 EPS. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.57 dividend. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, August 1st. Casey's General Stores's dividend payout ratio is currently 13.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CASY shares. Stephens reiterated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a research report on Tuesday, June 10th. The Goldman Sachs Group boosted their price objective on shares of Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their price objective on shares of 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, Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $453.00.

About Casey's General Stores

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.