Casey's General Stores, Inc. (NASDAQ:CASY) Holdings Raised by JLB & Associates Inc.

JLB & Associates Inc. grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,974 shares of the company's stock after purchasing an additional 1,945 shares during the quarter. Casey's General Stores makes up about 2.7% of JLB & Associates Inc.'s holdings, making the stock its 13th biggest position. JLB & Associates Inc. owned 0.12% of Casey's General Stores worth $19,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CASY. Natixis increased its position in Casey's General Stores by 21.9% during the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after buying an additional 1,499 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Casey's General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after acquiring an additional 3,065 shares during the period. Scholtz & Company LLC purchased a new stake in Casey's General Stores in the 4th quarter valued at $2,375,000. Segall Bryant & Hamill LLC boosted its stake in Casey's General Stores by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after purchasing an additional 4,458 shares during the period. Finally, South Dakota Investment Council increased its stake in Casey's General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock valued at $3,988,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Darren M. Rebelez sold 20,000 shares of the company'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. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,536 shares of company stock worth $17,508,183 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded down $1.32 on Wednesday, hitting $506.31. The company had a trading volume of 396,614 shares, compared to its average volume of 303,617. The business has a 50 day moving average of $458.15 and a 200 day moving average of $428.13. The company has a market cap of $18.79 billion, a PE ratio of 34.58, a PEG ratio of 2.53 and a beta of 0.65. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $527.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm posted $2.34 EPS. The business's revenue for the quarter 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 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is 13.66%.

Wall Street Analyst Weigh In

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

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.