Janney Montgomery Scott LLC Decreases Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Janney Montgomery Scott LLC decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,329 shares of the company's stock after selling 1,748 shares during the quarter. Janney Montgomery Scott LLC's holdings in Casey's General Stores were worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Casey's General Stores during the 1st quarter worth approximately $25,000. Global Financial Private Client LLC grew its holdings in Casey's General Stores by 325.0% during the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after buying an additional 52 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in Casey's General Stores by 160.0% during the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after buying an additional 72 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Casey's General Stores in the 4th quarter valued at $79,000. Finally, Point72 Hong Kong Ltd bought a new position in Casey's General Stores during the 4th quarter valued at $87,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CASY shares. Evercore ISI upped their target price on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. The Goldman Sachs Group upped their price objective on Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, KeyCorp lifted their price objective on shares of Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. One 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 MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average target price of $453.00.

Casey's General Stores Stock Performance

Shares of Casey's General Stores stock traded down $1.12 during trading hours on Thursday, reaching $504.01. The company had a trading volume of 297,625 shares, compared to its average volume of 302,595. The firm has a market cap of $18.74 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. Casey's General Stores, Inc. has a one year low of $350.52 and a one year high of $514.32. 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 business has a fifty day simple moving average of $463.26 and a 200 day simple moving average of $431.14.

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 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 for the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio (DPR) is 13.66%.

Insider Activity at Casey's General Stores

In other news, CEO Darren M. Rebelez sold 20,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the transaction, the chief executive officer now owns 89,840 shares of the company's stock, valued at approximately $45,623,447.20. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,136 shares of company stock valued at $21,860,121. Company insiders own 0.56% of the company's stock.

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.