Hunter Perkins Capital Management LLC Sells 5,405 Shares of Casey's General Stores, Inc. $CASY

Hunter Perkins Capital Management LLC lowered its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,771 shares of the company's stock after selling 5,405 shares during the quarter. Casey's General Stores accounts for about 6.4% of Hunter Perkins Capital Management LLC's holdings, making the stock its 3rd biggest position. Hunter Perkins Capital Management LLC owned about 0.14% of Casey's General Stores worth $26,927,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Casey's General Stores by 190.6% in the 1st quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company's stock worth $540,081,000 after acquiring an additional 816,110 shares during the period. JPMorgan Chase & Co. lifted its holdings in Casey's General Stores by 42.0% in the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company's stock worth $449,851,000 after purchasing an additional 306,628 shares during the period. Raymond James Financial Inc. grew its holdings in Casey's General Stores by 8.9% during the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company's stock worth $282,045,000 after acquiring an additional 52,939 shares during the period. Bank of New York Mellon Corp increased its stake in Casey's General Stores by 51.5% in the 1st quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company's stock worth $223,792,000 after purchasing an additional 175,372 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Casey's General Stores by 0.6% during the 1st quarter. Northern Trust Corp now owns 334,445 shares of the company's stock worth $145,163,000 after acquiring an additional 1,941 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CASY. 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. Stephens reaffirmed an "overweight" rating and set a $530.00 price target on shares of Casey's General Stores in a research note on Tuesday, September 9th. KeyCorp upped their target price on shares of Casey's General Stores from $550.00 to $575.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Jefferies Financial Group increased their price objective on shares of Casey's General Stores from $575.00 to $600.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Finally, The Goldman Sachs Group lifted their target price on Casey's General Stores from $450.00 to $490.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $529.10.

Insider Buying and Selling

In other Casey's General Stores news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company's stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

Casey's General Stores Trading Up 1.1%

Shares of NASDAQ:CASY opened at $567.48 on Monday. The stock has a 50 day moving average of $526.40 and a 200 day moving average of $489.36. The company has a market cap of $21.10 billion, a PE ratio of 36.42 and a beta of 0.68. Casey's General Stores, Inc. has a 12-month low of $366.00 and a 12-month high of $571.57. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating analysts' consensus estimates of $5.02 by $0.75. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey's General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.83 EPS. As a group, equities research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey's General Stores's dividend payout ratio (DPR) is currently 14.63%.

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.

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