Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,407 shares of the company's stock after selling 1,900 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Casey's General Stores worth $16,010,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new position in shares of Casey's General Stores in the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey's General Stores in the 4th quarter valued at about $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Casey's General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after buying an additional 113 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analyst Weigh In

CASY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Evercore ISI upped their price target on Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. StockNews.com raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Tuesday. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price target on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $424.00.

Insider Activity

In other news, insider Katrina S. Lindsey sold 450 shares of the company'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 completion of the sale, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos purchased 500 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded down $5.67 during mid-day trading on Thursday, reaching $420.54. 264,539 shares of the stock traded hands, compared to its average volume of 264,453. The business has a 50-day moving average of $410.62 and a 200 day moving average of $396.28. Casey's General Stores, Inc. has a fifty-two week low of $287.77 and a fifty-two week high of $445.17. The stock has a market capitalization of $15.61 billion, a PE ratio of 29.31, a PEG ratio of 2.43 and a beta of 0.83. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

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

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey's General Stores's dividend payout ratio (DPR) 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.