Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,403 shares of the company's stock after purchasing an additional 1,073 shares during the period. Segall Bryant & Hamill LLC owned about 0.15% of Casey's General Stores worth $23,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CASY. Vanguard Group Inc. grew its holdings in shares of Casey's General Stores by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after buying an additional 44,295 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Casey's General Stores by 1.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after buying an additional 31,131 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Casey's General Stores by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock valued at $268,952,000 after purchasing an additional 154,541 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Casey's General Stores by 54,448.8% in the 1st quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock valued at $236,054,000 after purchasing an additional 542,855 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 valued at $223,792,000 after purchasing an additional 175,372 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded down $5.42 during trading on Friday, hitting $510.25. 214,496 shares of the company were exchanged, compared to its average volume of 305,986. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $526.82. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 34.85 and a beta of 0.69. The firm has a 50 day moving average price of $483.00 and a 200 day moving average price of $443.36.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.69. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 EPS. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.45%. Casey's General Stores's payout ratio is 13.66%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CASY. The Goldman Sachs Group lifted their price objective on Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. KeyCorp lifted their price objective on Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Royal Bank Of Canada lifted their price objective on Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. BMO Capital Markets lifted their price objective on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. Finally, Stephens reaffirmed an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $465.25.

Insider Buying and Selling

In related news, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the completion of the sale, the chief financial officer directly owned 26,754 shares of the company's stock, valued at approximately $13,623,404.34. This represents a 24.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 6,600 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $506.03, for a total transaction of $3,339,798.00. Following the sale, the insider directly owned 2,100 shares of the company's stock, valued at approximately $1,062,663. This trade represents a 75.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,646 shares of company stock worth $22,136,614 in the last three months. 0.56% of the stock is currently owned by insiders.

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.