Victory Capital Management Inc. Has $56.78 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Victory Capital Management Inc. trimmed its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,816 shares of the company's stock after selling 9,833 shares during the period. Victory Capital Management Inc. owned approximately 0.35% of Casey's General Stores worth $56,779,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Versant Capital Management Inc bought a new stake in Casey's General Stores during the 1st quarter worth approximately $25,000. Global Financial Private Client LLC increased its stake in Casey's General Stores by 325.0% during the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in Casey's General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC increased its stake in Casey's General Stores by 160.0% during the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Casey's General Stores during the 1st quarter worth approximately $59,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Royal Bank Of Canada raised their target price on shares of Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th. BMO Capital Markets raised their target price on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group raised their target price on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $465.25.

Casey's General Stores Stock Performance

Shares of CASY traded down $5.42 during midday trading on Friday, reaching $510.25. 214,496 shares of the stock were exchanged, compared to its average volume of 306,493. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $526.82. 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 company has a market cap of $18.97 billion, a P/E ratio of 34.85 and a beta of 0.69. The stock's 50 day simple moving average is $483.00 and its 200 day simple moving average is $443.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.45%. 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. Casey's General Stores's payout ratio is 15.57%.

Insiders Place Their Bets

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 6,600 shares of Casey's General Stores stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $506.03, for a total value of $3,339,798.00. Following the transaction, the insider owned 2,100 shares in the company, valued at $1,062,663. The trade was a 75.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey's General Stores stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the transaction, the insider owned 4,636 shares in the company, valued at approximately $2,346,140.52. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,646 shares of company stock valued at $22,136,614 over the last 90 days. 0.56% of the stock is owned by company insiders.

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.