Casey's General Stores, Inc. (NASDAQ:CASY) Stake Lowered by Stifel Financial Corp

Stifel Financial Corp cut its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,539 shares of the company's stock after selling 7,748 shares during the period. Stifel Financial Corp owned about 0.16% of Casey's General Stores worth $24,004,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. YANKCOM Partnership acquired a new stake in shares of Casey's General Stores in the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey's General Stores during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Casey's General Stores during the fourth quarter worth $79,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after acquiring an additional 52 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, KeyCorp started coverage on Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Insider Activity at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos bought 256 shares of Casey's General Stores stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Trading Down 0.8 %

CASY traded down $3.57 during trading on Wednesday, hitting $459.83. 46,903 shares of the company's stock were exchanged, compared to its average volume of 285,255. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market cap of $17.07 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The stock has a 50 day moving average price of $424.73 and a 200 day moving average price of $414.43. Casey's General Stores, Inc. has a 1 year low of $313.67 and a 1 year high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. As a group, analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

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.