Dillon & Associates Inc. Purchases Shares of 1,533 Casey's General Stores, Inc. (NASDAQ:CASY)

Dillon & Associates Inc. bought a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 1,533 shares of the company's stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CASY. Park Place Capital Corp bought a new stake in shares of Casey's General Stores in the 2nd quarter valued at approximately $31,000. Advisors Asset Management Inc. bought a new position in shares of Casey's General Stores during the first quarter valued at $32,000. Innealta Capital LLC bought a new stake in shares of Casey's General Stores in the 2nd quarter worth about $32,000. Bank & Trust Co bought a new position in Casey's General Stores during the 2nd quarter valued at about $40,000. Finally, Venturi Wealth Management LLC boosted its position in Casey's General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after buying an additional 113 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now owns 73,838 shares of the company's stock, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mike Spanos bought 267 shares of the company's stock in a transaction dated 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 acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey's General Stores stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares of the company's stock, valued at $27,655,284.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CASY shares. Melius Research started coverage on shares of Casey's General Stores in a research note on Monday, September 23rd. They issued a "buy" rating and a $435.00 target price for the company. 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 report on Thursday, September 5th. Gordon Haskett started coverage on shares of Casey's General Stores in a research note on Monday, November 4th. They issued a "hold" rating and a $400.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $410.00 target price on shares of Casey's General Stores in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores Trading Down 0.7 %

Casey's General Stores stock traded down $3.02 during mid-day trading on Wednesday, hitting $414.04. 112,959 shares of the company's stock were exchanged, compared to its average volume of 268,514. The company's 50 day simple moving average is $384.29 and its 200-day simple moving average is $368.07. 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 firm has a market capitalization of $15.37 billion, a P/E ratio of 29.86 and a beta of 0.79. Casey's General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating 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 business had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.15 billion. Casey's General Stores's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.52 EPS. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 14.24 earnings per share for the current year.

Casey's General Stores Dividend Announcement

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

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.