Dearborn Partners LLC Sells 4,569 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Dearborn Partners LLC lessened its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,870 shares of the company's stock after selling 4,569 shares during the quarter. Casey's General Stores comprises approximately 1.8% of Dearborn Partners LLC's portfolio, making the stock its 11th largest position. Dearborn Partners LLC owned about 0.33% of Casey's General Stores worth $45,412,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CASY. International Assets Investment Management LLC purchased a new stake in Casey's General Stores in the 3rd quarter valued at $959,880,000. Millennium Management LLC grew its holdings in shares of Casey's General Stores by 3,846.1% in the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company's stock worth $65,750,000 after acquiring an additional 176,920 shares during the period. Bridges Investment Management Inc. raised its holdings in Casey's General Stores by 110.0% during the second quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company's stock worth $67,609,000 after purchasing an additional 92,813 shares during the last quarter. American Century Companies Inc. boosted its position in Casey's General Stores by 189.1% during the second quarter. American Century Companies Inc. now owns 132,375 shares of the company's stock worth $50,509,000 after purchasing an additional 86,582 shares in the last quarter. Finally, abrdn plc acquired a new stake in Casey's General Stores in the third quarter valued at $30,538,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of recent research reports. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 3rd. Wells Fargo & Company lifted their price target on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Gordon Haskett initiated 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 for the company. Finally, Royal Bank of Canada increased 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 given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus price target of $408.25.

Casey's General Stores Stock Down 0.4 %

Shares of Casey's General Stores stock traded down $1.58 during trading hours on Friday, hitting $404.13. 121,522 shares of the company's stock traded hands, compared to its average volume of 268,396. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $420.27. The company has a market cap of $15.00 billion, a PE ratio of 29.42 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $385.88 and a 200-day simple moving average of $368.62.

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

Casey's General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey's General Stores's dividend payout ratio is currently 14.56%.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value 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 approximately $27,655,284.52. This represents a 15.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 267 shares of Casey's General Stores stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now directly owns 2,594 shares of the company's stock, valued at $975,810.92. This represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

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.