Bridges Investment Management Inc. Sells 1,212 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Bridges Investment Management Inc. decreased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,978 shares of the company's stock after selling 1,212 shares during the quarter. Bridges Investment Management Inc. owned about 0.47% of Casey's General Stores worth $66,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASY. Susquehanna Fundamental Investments LLC acquired a new position in shares of Casey's General Stores during the first quarter valued at about $794,000. Bailard Inc. bought a new stake in shares of Casey's General Stores in the 2nd quarter worth approximately $1,021,000. SG Americas Securities LLC acquired a new stake in shares of Casey's General Stores during the 2nd quarter worth approximately $2,183,000. Cetera Investment Advisers grew its holdings in shares of Casey's General Stores by 255.8% during the 1st quarter. Cetera Investment Advisers now owns 9,291 shares of the company's stock worth $2,959,000 after purchasing an additional 6,680 shares in the last quarter. Finally, Marks Group Wealth Management Inc bought a new stake in shares of Casey's General Stores during the third quarter valued at approximately $5,489,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Casey's General Stores from $415.00 to $425.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Royal Bank of Canada upped their target price on shares of Casey's General Stores from $393.00 to $403.00 and gave the company a "sector perform" rating in a research note on Thursday, September 5th. Benchmark reissued a "buy" rating and issued a $410.00 price target on shares of Casey's General Stores in a research report on Tuesday, September 10th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 3rd. Finally, Gordon Haskett started coverage on Casey's General Stores in a report on Monday, November 4th. They issued a "hold" rating and a $400.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $408.25.

Insider Buying and Selling

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Darren M. Rebelez sold 13,500 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company's stock, valued at $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey's General Stores Price Performance

Casey's General Stores stock traded down $0.52 on Friday, reaching $412.85. The company's stock had a trading volume of 229,658 shares, compared to its average volume of 205,053. The business's fifty day moving average price is $382.08 and its 200 day moving average price is $366.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 30.05 and a beta of 0.79. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $420.27.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company earned $4.52 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts expect that Casey's General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, November 1st. Casey's General Stores's dividend payout ratio is currently 14.56%.

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.