Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,813 shares of the company's stock after selling 2,609 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.51% of Casey's General Stores worth $51,874,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CASY. Morgan Stanley boosted its position in shares of Casey's General Stores by 7.7% during the 3rd quarter. Morgan Stanley now owns 1,585,359 shares of the company's stock worth $430,458,000 after purchasing an additional 113,437 shares during the period. FMR LLC grew its position in Casey's General Stores by 5.6% in the 3rd quarter. FMR LLC now owns 732,623 shares of the company's stock valued at $198,922,000 after acquiring an additional 38,722 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Casey's General Stores by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company's stock worth $151,924,000 after purchasing an additional 18,528 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Casey's General Stores by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,915 shares of the company's stock worth $73,057,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Casey's General Stores by 142.8% in the third quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company's stock valued at $65,959,000 after purchasing an additional 142,884 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Casey's General Stores from $305.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Evercore ISI reduced their price target on Casey's General Stores from $350.00 to $345.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 21st. Benchmark restated a "buy" rating and set a $312.00 target price on shares of Casey's General Stores in a research note on Wednesday, March 6th. Finally, BMO Capital Markets increased their price objective on shares of Casey's General Stores from $290.00 to $305.00 and gave the company a "market perform" rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $312.63.

Casey's General Stores Stock Performance

NASDAQ:CASY traded up $4.70 during mid-day trading on Friday, reaching $337.61. 231,419 shares of the stock were exchanged, compared to its average volume of 299,373. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey's General Stores, Inc. has a 1 year low of $212.50 and a 1 year high of $337.78. The company has a 50 day simple moving average of $313.38 and a 200-day simple moving average of $291.83. The stock has a market capitalization of $12.50 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.45 and a beta of 0.82.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. Casey's General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 EPS. Analysts anticipate that Casey's General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.51%. Casey's General Stores's dividend payout ratio (DPR) is 13.67%.

About Casey's General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.