Teacher Retirement System of Texas Sells 25,444 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Teacher Retirement System of Texas lowered its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,709 shares of the company's stock after selling 25,444 shares during the quarter. Teacher Retirement System of Texas owned about 0.27% of Casey's General Stores worth $44,146,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CASY. Private Trust Co. NA lifted its stake in shares of Casey's General Stores by 5.9% in the 1st quarter. Private Trust Co. NA now owns 2,247 shares of the company's stock worth $975,000 after acquiring an additional 125 shares during the period. Arbor Capital Management Inc. ADV lifted its position in Casey's General Stores by 5.3% in the first quarter. Arbor Capital Management Inc. ADV now owns 3,260 shares of the company's stock worth $1,441,000 after purchasing an additional 164 shares during the period. Keybank National Association OH lifted its position in Casey's General Stores by 5.8% in the first quarter. Keybank National Association OH now owns 4,438 shares of the company's stock worth $1,926,000 after purchasing an additional 243 shares during the period. Heritage Investment Group Inc. lifted its holdings in shares of Casey's General Stores by 12.2% in the first quarter. Heritage Investment Group Inc. now owns 1,049 shares of the company's stock valued at $455,000 after buying an additional 114 shares during the period. Finally, Smith Salley Wealth Management lifted its holdings in shares of Casey's General Stores by 0.8% in the first quarter. Smith Salley Wealth Management now owns 30,035 shares of the company's stock valued at $13,036,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Buying and Selling

In other news, Director Mike Spanos purchased 200 shares of the business's stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of $503.18 per share, with a total value of $100,636.00. Following the purchase, the director directly owned 3,560 shares of the company's stock, valued at approximately $1,791,320.80. This trade represents a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total value of $385,745.60. Following the sale, the chief financial officer directly owned 25,994 shares of the company's stock, valued at $13,193,514.64. This trade represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,646 shares of company stock worth $22,136,614. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 1.2%

Casey's General Stores stock traded up $5.93 during mid-day trading on Friday, hitting $516.85. The company's stock had a trading volume of 173,672 shares, compared to its average volume of 302,913. The firm's 50 day moving average is $471.16 and its 200 day moving average is $435.39. The company has a market cap of $19.22 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $517.31.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 earnings per share. On average, analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given 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 dividend on an annualized basis and a yield of 0.44%. Casey's General Stores's dividend payout ratio is presently 13.66%.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $438.00 price target on shares of Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Stephens reissued an "overweight" rating and set a $490.00 target price on shares of Casey's General Stores in a research note on Tuesday, June 10th. Wells Fargo & Company increased their target price on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. KeyCorp increased their target price 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, BMO Capital Markets upped their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and a consensus price target 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.