Rhumbline Advisers Has $48.68 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Rhumbline Advisers lessened its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,149 shares of the company's stock after selling 980 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Casey's General Stores worth $48,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Casey's General Stores by 110.5% in the third quarter. Barclays PLC now owns 22,487 shares of the company's stock valued at $8,450,000 after purchasing an additional 11,802 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Casey's General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $369,000. Trust Point Inc. acquired a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $545,000. Finally, abrdn plc grew its position in shares of Casey's General Stores by 0.4% in the fourth quarter. abrdn plc now owns 81,569 shares of the company's stock valued at $32,320,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research reports. Wall Street Zen downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Evercore ISI boosted their price target on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Insider Activity at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos acquired 256 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now directly owns 3,356 shares of the company's stock, valued at $1,310,652.24. This trade represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded down $2.56 during trading on Thursday, hitting $445.69. 513,732 shares of the company were exchanged, compared to its average volume of 299,265. The business's 50 day moving average is $447.39 and its 200-day moving average is $423.57. The company has a market capitalization of $16.54 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 1-year low of $321.08 and a 1-year high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 earnings per share. Equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

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.