Bridges Investment Management Inc. Sells 3,149 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Bridges Investment Management Inc. trimmed its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,829 shares of the company's stock after selling 3,149 shares during the quarter. Bridges Investment Management Inc. owned 0.47% of Casey's General Stores worth $68,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Casey's General Stores by 400.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 616 shares of the company's stock valued at $231,000 after buying an additional 493 shares during the period. DekaBank Deutsche Girozentrale increased its position in Casey's General Stores by 15.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,911 shares of the company's stock valued at $3,321,000 after purchasing an additional 1,194 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Casey's General Stores during the 3rd quarter valued at approximately $201,000. Integrated Advisors Network LLC bought a new position in Casey's General Stores during the 3rd quarter worth approximately $283,000. Finally, Financial Advocates Investment Management lifted its position in shares of Casey's General Stores by 2.4% in the 3rd quarter. Financial Advocates Investment Management now owns 1,799 shares of the company's stock worth $676,000 after purchasing an additional 42 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CASY. BMO Capital Markets reissued a "market perform" rating and set a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Royal Bank of Canada raised their target price on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 10th. Finally, StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $424.00.

Casey's General Stores Stock Down 0.8 %

Shares of NASDAQ:CASY traded down $3.21 during trading on Wednesday, reaching $404.82. 246,750 shares of the stock were exchanged, compared to its average volume of 267,254. Casey's General Stores, Inc. has a 1-year low of $290.00 and a 1-year high of $445.17. The stock has a fifty day moving average of $410.62 and a two-hundred day moving average of $399.02. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.24 earnings per share. Research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

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

Insider Buying and Selling at Casey's General Stores

In related news, Director Mike Spanos bought 500 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares of the company's stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now owns 2,247 shares of the company's stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Casey's General Stores Company 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.