Barclays PLC Acquires 11,802 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Barclays PLC lifted its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 110.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,487 shares of the company's stock after purchasing an additional 11,802 shares during the quarter. Barclays PLC owned 0.06% of Casey's General Stores worth $8,450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Casey's General Stores during the 2nd quarter worth about $32,000. Venturi Wealth Management LLC lifted its stake in Casey's General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC boosted its holdings in Casey's General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Casey's General Stores in the 2nd quarter valued at approximately $68,000. Finally, Quarry LP acquired a new position in shares of Casey's General Stores in the 2nd quarter worth approximately $72,000. 85.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on CASY shares. Deutsche Bank Aktiengesellschaft boosted their price target on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday. Gordon Haskett began coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They issued a "hold" rating and a $400.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $410.00 price objective on shares of Casey's General Stores in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company lifted their target price on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $424.00.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

Casey's General Stores Trading Down 3.6 %

CASY stock traded down $15.23 during trading on Wednesday, hitting $406.16. The company had a trading volume of 288,903 shares, compared to its average volume of 266,265. The stock has a market cap of $15.08 billion, a price-to-earnings ratio of 28.30 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $406.89 and a 200-day moving average price of $383.42. Casey's General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.24 earnings per share. As a group, analysts predict that Casey's General Stores, Inc. will post 14.28 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio is 13.94%.

Casey's General Stores Company Profile

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.