4,688 Shares in Casey's General Stores, Inc. (NASDAQ:CASY) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,688 shares of the company's stock, valued at approximately $2,035,000.

Several other institutional investors also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. grew its position in shares of Casey's General Stores by 1.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock valued at $703,833,000 after purchasing an additional 31,131 shares during the period. Franklin Resources Inc. boosted its position in 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. GAMMA Investing LLC boosted its position in Casey's General Stores by 54,448.8% during the 1st quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock worth $236,054,000 after acquiring an additional 542,855 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Casey's General Stores by 51.5% during the 1st quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company's stock worth $223,792,000 after acquiring an additional 175,372 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Casey's General Stores by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 502,979 shares of the company's stock worth $199,302,000 after acquiring an additional 17,539 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CASY shares. The Goldman Sachs Group upped their price target on Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. KeyCorp increased their price objective on Casey's General Stores from $550.00 to $575.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wells Fargo & Company increased their price objective on Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Royal Bank Of Canada increased 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. Finally, BMO Capital Markets increased 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $467.33.

Casey's General Stores Price Performance

Shares of CASY traded up $2.65 during trading hours on Friday, hitting $522.78. 199,892 shares of the company were exchanged, compared to its average volume of 274,981. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 35.71 and a beta of 0.69. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $531.24. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The firm's fifty day moving average is $498.60 and its 200 day moving average is $452.78.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results 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 company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. Casey's General Stores's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. 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. Casey's General Stores's dividend payout ratio (DPR) is currently 13.66%.

Insider Transactions at Casey's General Stores

In other news, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the sale, the chief financial officer directly owned 26,754 shares in the company, valued at approximately $13,623,404.34. The trade was a 24.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad Michael Frazell sold 4,808 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $503.97, for a total value of $2,423,087.76. Following the sale, the insider owned 11,480 shares in the company, valued at approximately $5,785,575.60. This trade represents a 29.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,646 shares of company stock valued at $22,136,614. 0.54% of the stock is owned by company insiders.

Casey's General Stores Company 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.