Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,427 shares of the company's stock after selling 932 shares during the quarter. First Hawaiian Bank's holdings in Casey's General Stores were worth $4,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Casey's General Stores by 110.5% during the 3rd quarter. Barclays PLC now owns 22,487 shares of the company's stock worth $8,450,000 after buying an additional 11,802 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after buying an additional 119,350 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Casey's General Stores during the 4th quarter worth $225,000. Blue Trust Inc. grew its position in shares of Casey's General Stores by 35.6% during the 4th quarter. Blue Trust Inc. now owns 769 shares of the company's stock worth $289,000 after buying an additional 202 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Casey's General Stores by 45.5% during the 4th quarter. KBC Group NV now owns 1,375 shares of the company's stock worth $545,000 after buying an additional 430 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

Shares of NASDAQ:CASY traded up $0.52 during trading on Friday, hitting $441.03. The stock had a trading volume of 433,758 shares, compared to its average volume of 294,660. 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 30.73, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a 50-day simple moving average of $446.62 and a two-hundred day simple moving average of $422.80.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $2.33 earnings per share. On average, equities research analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Wall Street Zen cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Friday. KeyCorp assumed coverage on Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective for the company. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Evercore ISI upped their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos purchased 256 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26% 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 250 shares of Casey's General Stores stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

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.