D.A. Davidson & CO. Has $2.91 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

D.A. Davidson & CO. boosted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 299.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,693 shares of the company's stock after purchasing an additional 5,019 shares during the period. D.A. Davidson & CO.'s holdings in Casey's General Stores were worth $2,905,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis lifted its stake in shares of Casey's General Stores by 21.9% in the fourth quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after purchasing an additional 1,499 shares during the period. Scholtz & Company LLC purchased a new position in Casey's General Stores during the 4th quarter valued at about $2,375,000. Segall Bryant & Hamill LLC grew its holdings in shares of Casey's General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after buying an additional 4,458 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Casey's General Stores by 15.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 290,420 shares of the company's stock worth $115,089,000 after buying an additional 38,684 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Casey's General Stores by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,529 shares of the company's stock worth $109,569,000 after buying an additional 3,197 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CASY. Evercore ISI boosted their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Stephens reiterated an "overweight" rating and set a $490.00 target price on shares of Casey's General Stores in a research note on Tuesday, June 10th. BMO Capital Markets upped their price target on shares of Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 11th. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Wells Fargo & Company upped their price target on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.00.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the business's 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 completion of the sale, the insider directly owned 4,636 shares of the company's stock, valued at approximately $2,346,140.52. The trade was a 30.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total value of $385,745.60. Following the sale, the chief financial officer directly owned 25,994 shares of the company's stock, valued at $13,193,514.64. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,646 shares of company stock valued at $22,136,614 in the last 90 days. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded up $1.28 during midday trading on Thursday, reaching $523.60. 380,528 shares of the company traded hands, compared to its average volume of 304,898. Casey's General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $526.82. The firm has a market cap of $19.47 billion, a PE ratio of 35.77 and a beta of 0.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The stock's 50-day simple moving average is $474.77 and its 200-day simple moving average is $437.75.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company posted $2.34 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 1st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.44%. Casey's General Stores's dividend payout ratio (DPR) is 15.57%.

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.