Stifel Financial Corp Buys 2,722 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Stifel Financial Corp increased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,287 shares of the company's stock after purchasing an additional 2,722 shares during the period. Stifel Financial Corp owned 0.18% of Casey's General Stores worth $25,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in shares of Casey's General Stores during the second quarter valued at approximately $32,000. Venturi Wealth Management LLC increased its stake in Casey's General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after buying an additional 113 shares during the period. V Square Quantitative Management LLC lifted its holdings in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after buying an additional 29 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Casey's General Stores in the 2nd quarter valued at about $68,000. Finally, Quarry LP purchased a new stake in shares of Casey's General Stores during the second quarter worth about $72,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

Shares of CASY traded down $4.16 during mid-day trading on Monday, hitting $418.11. The company's stock had a trading volume of 474,067 shares, compared to its average volume of 265,521. 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 has a 50-day moving average price of $399.97 and a 200 day moving average price of $379.10. Casey's General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $435.60. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 30.73 and a beta of 0.80.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the business posted $4.24 earnings per share. Casey's General Stores's revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that Casey's General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors 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 yield of 0.48%. Casey's General Stores's payout ratio is 14.56%.

Analyst Ratings Changes

A number of research analysts have commented on CASY shares. Benchmark reiterated 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. Gordon Haskett started coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price target on the stock. Melius Research assumed coverage on Casey's General Stores in a report on Monday, September 23rd. They issued a "buy" rating and a $435.00 price objective for the company. JPMorgan Chase & Co. cut Casey's General Stores from a "neutral" rating to an "underweight" rating and upped their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lifted their target price on Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $408.25.

Insider Buying and Selling

In other news, Director Mike Spanos bought 267 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company's stock.

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.