Casey's General Stores, Inc. (NASDAQ:CASY) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 24.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,210 shares of the company's stock after acquiring an additional 1,395 shares during the period. Janney Montgomery Scott LLC's holdings in Casey's General Stores were worth $2,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Casey's General Stores during the third quarter valued at about $959,880,000. Millennium Management LLC grew its stake in Casey's General Stores by 3,846.1% during the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company's stock valued at $65,750,000 after purchasing an additional 176,920 shares in the last quarter. Scout Investments Inc. increased its holdings in Casey's General Stores by 138.2% during the 1st quarter. Scout Investments Inc. now owns 179,051 shares of the company's stock worth $56,467,000 after purchasing an additional 103,879 shares during the last quarter. Bridges Investment Management Inc. raised its position in shares of Casey's General Stores by 110.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company's stock valued at $67,609,000 after purchasing an additional 92,813 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Casey's General Stores by 189.1% during the 2nd quarter. American Century Companies Inc. now owns 132,375 shares of the company's stock valued at $50,509,000 after buying an additional 86,582 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mike Spanos bought 267 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now directly owns 2,594 shares of the company's stock, valued at approximately $975,810.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade 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 company insiders.

Casey's General Stores Stock Performance

Shares of NASDAQ CASY traded up $2.52 during mid-day trading on Tuesday, hitting $413.49. The company had a trading volume of 58,372 shares, compared to its average volume of 268,637. Casey's General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $420.27. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 29.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The firm's 50 day simple moving average is $383.05 and its two-hundred day simple moving average is $367.39.

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

Casey's General Stores Dividend Announcement

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

Analysts Set New Price Targets

CASY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Melius Research initiated coverage on shares of Casey's General Stores in a research report on Monday, September 23rd. They issued a "buy" rating and a $435.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $410.00 price target on shares of Casey's General Stores in a research report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded Casey's General Stores from a "neutral" rating to an "underweight" rating and lifted their price target for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Finally, Royal Bank of Canada upped their price objective on 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores 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.