River Road Asset Management LLC Grows Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

River Road Asset Management LLC grew its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 92.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,339 shares of the company's stock after buying an additional 58,883 shares during the quarter. River Road Asset Management LLC owned 0.33% of Casey's General Stores worth $45,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CASY. AdvisorNet Financial Inc increased its stake in shares of Casey's General Stores by 10.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 317 shares of the company's stock valued at $121,000 after purchasing an additional 29 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Casey's General Stores by 22.5% during 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. Oppenheimer & Co. Inc. increased its stake in Casey's General Stores by 0.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company's stock worth $4,872,000 after buying an additional 37 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Casey's General Stores by 12.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 354 shares of the company's stock worth $133,000 after buying an additional 39 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. increased its stake in Casey's General Stores by 0.9% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company's stock worth $1,730,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey's General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Casey's General Stores news, Director Mike Spanos purchased 267 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Trading Up 4.2 %

NASDAQ:CASY traded up $15.82 during trading hours on Tuesday, reaching $396.90. 258,285 shares of the stock were exchanged, compared to its average volume of 270,495. 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 business has a 50-day moving average of $378.67 and a two-hundred day moving average of $364.06. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $401.17. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 28.08 and a beta of 0.79.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.15 billion. During the same period in the prior year, the firm earned $4.52 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Casey's General Stores, Inc. will post 14.01 EPS for the current year.

Casey's General Stores Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Evercore ISI boosted their price objective on Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered Casey's General Stores from a "neutral" rating to an "underweight" rating and boosted their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Gordon Haskett started coverage on Casey's General Stores in a report on Monday. They set a "hold" rating and a $400.00 target price on the stock. Northcoast Research upgraded Casey's General Stores from a "neutral" rating to a "buy" rating and set a $410.00 target price on the stock in a report on Thursday, July 11th. Finally, Royal Bank of Canada boosted their target price on Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average price target of $407.42.

About Casey's General Stores

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.