Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,416 shares of the company's stock after selling 17,658 shares during the quarter. Gateway Investment Advisers LLC's holdings in Casey's General Stores were worth $3,731,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. West Financial Advisors LLC grew its holdings in shares of Casey's General Stores by 228.1% in the fourth quarter. West Financial Advisors LLC now owns 725 shares of the company's stock valued at $287,000 after purchasing an additional 504 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Casey's General Stores by 29.3% in the fourth quarter. Park Avenue Securities LLC now owns 1,577 shares of the company's stock worth $625,000 after acquiring an additional 357 shares in the last quarter. Oak Thistle LLC increased its position in shares of Casey's General Stores by 136.7% during the fourth quarter. Oak Thistle LLC now owns 2,608 shares of the company's stock worth $1,033,000 after acquiring an additional 1,506 shares during the period. Accurate Wealth Management LLC raised its stake in shares of Casey's General Stores by 21.4% in the fourth quarter. Accurate Wealth Management LLC now owns 703 shares of the company's stock valued at $271,000 after acquiring an additional 124 shares in the last quarter. Finally, Grandview Asset Management LLC acquired a new stake in shares of Casey's General Stores in the fourth quarter valued at $353,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CASY. BMO Capital Markets restated a "market perform" rating and set a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Gordon Haskett assumed coverage on shares of Casey's General Stores in a research note on Monday, November 4th. They set a "hold" rating and a $400.00 target price on the stock. StockNews.com downgraded shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 13th. Melius Research assumed 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 price objective on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $424.00.

Insider Activity

In other news, insider Katrina S. Lindsey sold 450 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 2,247 shares of the company's stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 500 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Stock Performance

Shares of Casey's General Stores stock traded up $0.53 on Friday, hitting $391.51. The stock had a trading volume of 265,738 shares, compared to its average volume of 192,887. The company's 50 day moving average price is $408.49 and its 200 day moving average price is $389.02. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 52-week low of $268.07 and a 52-week high of $439.68.

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

Casey's General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. Casey's General Stores's dividend payout ratio is presently 13.94%.

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.