Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,906 shares of the company's stock after selling 2,745 shares during the period. Loomis Sayles & Co. L P owned 0.24% of Casey's General Stores worth $34,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CASY. Pathstone Holdings LLC raised its holdings in Casey's General Stores by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 4,871 shares of the company's stock valued at $1,830,000 after buying an additional 48 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Casey's General Stores by 83.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,565 shares of the company's stock worth $588,000 after acquiring an additional 712 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Casey's General Stores by 1.9% in the 3rd quarter. Citigroup Inc. now owns 17,852 shares of the company's stock worth $6,707,000 after acquiring an additional 332 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Casey's General Stores by 66.3% during the 3rd quarter. Bank of Montreal Can now owns 39,381 shares of the company's stock worth $14,701,000 after purchasing an additional 15,696 shares during the period. Finally, FMR LLC raised its position in Casey's General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after purchasing an additional 38,226 shares during the period. 85.63% of the stock is owned by institutional investors.

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Casey's General Stores Stock Up 1.1 %

Shares of NASDAQ:CASY traded up $4.58 on Tuesday, reaching $438.62. The company had a trading volume of 69,417 shares, compared to its average volume of 274,923. The firm has a market capitalization of $16.28 billion, a PE ratio of 30.54, a PEG ratio of 2.40 and a beta of 0.87. 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 $306.45 and a 52-week high of $445.17. The firm's 50 day simple moving average is $414.20 and its 200-day simple moving average is $403.56.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 earnings per share. As a group, analysts expect that Casey's General Stores, Inc. will post 13.94 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 Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CASY shares. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Finally, Evercore ISI raised their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $424.00.

About Casey's General Stores

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.