Prime Capital Investment Advisors LLC Has $1.81 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Prime Capital Investment Advisors LLC lessened its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 38.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,823 shares of the company's stock after selling 3,003 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Casey's General Stores were worth $1,812,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Park Place Capital Corp bought a new position in Casey's General Stores during the 2nd quarter worth approximately $31,000. Innealta Capital LLC bought a new position in Casey's General Stores during the second quarter worth $32,000. Advisors Asset Management Inc. acquired a new position in Casey's General Stores in the first quarter worth $32,000. Bank & Trust Co bought a new stake in Casey's General Stores during the second quarter valued at $40,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Casey's General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after purchasing an additional 113 shares during the period. Institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CASY shares. JPMorgan Chase & Co. lowered shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and increased their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. StockNews.com downgraded shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 3rd. Benchmark restated a "buy" rating and issued a $410.00 price target on shares of Casey's General Stores in a research note on Tuesday, September 10th. Wells Fargo & Company increased their price objective on Casey's General Stores from $415.00 to $425.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Finally, Royal Bank of Canada boosted their price target on Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 5th. One 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $408.25.

Insiders Place Their Bets

In other news, CEO Darren M. Rebelez sold 13,500 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey's General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company's stock, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 73,838 shares of the company's stock, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded down $3.51 during midday trading on Thursday, reaching $405.60. The company's stock had a trading volume of 163,170 shares, compared to its average volume of 268,705. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 29.78 and a beta of 0.79. Casey's General Stores, Inc. has a one year low of $266.56 and a one year high of $420.27. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $385.38 and a 200 day moving average price of $368.36.

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, topping 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 during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $4.52 EPS. The company's revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that Casey's General Stores, Inc. will post 14.24 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, November 1st. Casey's General Stores's dividend payout ratio is presently 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.