Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,271 shares of the company's stock after selling 35,469 shares during the quarter. Point72 Asset Management L.P.'s holdings in Casey's General Stores were worth $2,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Casey's General Stores by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after acquiring an additional 44,295 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Casey's General Stores by 1.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after acquiring an additional 31,131 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 119,350 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Casey's General Stores by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after acquiring an additional 154,541 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Casey's General Stores during the 4th quarter worth approximately $236,500,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.4%

NASDAQ CASY traded up $1.68 during trading on Friday, reaching $445.73. 225,285 shares of the company's stock traded hands, compared to its average volume of 292,057. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company's 50 day simple moving average is $442.80 and its two-hundred day simple moving average is $421.79. Casey's General Stores, Inc. has a 12-month low of $313.89 and a 12-month high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the firm posted $2.33 EPS. The company's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

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

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CASY. 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 research note on Tuesday, April 1st. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. KeyCorp assumed coverage on Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price for the company. Finally, Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

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.