Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. cut its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,600 shares of the company's stock after selling 20,000 shares during the period. Rheos Capital Works Inc.'s holdings in Casey's General Stores were worth $3,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. Soros Capital Management LLC increased its holdings in Casey's General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock valued at $10,382,000 after purchasing an additional 26,197 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Casey's General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock valued at $5,532,000 after buying an additional 1,332 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Casey's General Stores in the 3rd quarter valued at $23,294,000. JPMorgan Chase & Co. lifted its stake in Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after acquiring an additional 119,350 shares in the last quarter. Finally, FMR LLC boosted its holdings in Casey's General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company's stock valued at $393,305,000 after acquiring an additional 38,226 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Casey's General Stores

In other Casey's General Stores 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 completion of the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 500 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Stock Up 1.4 %

Shares of NASDAQ:CASY traded up $5.85 on Thursday, hitting $435.27. 374,770 shares of the company's stock were exchanged, compared to its average volume of 254,970. Casey's General Stores, Inc. has a 1-year low of $274.81 and a 1-year high of $439.68. The company has a market capitalization of $16.16 billion, a PE ratio of 30.33, a P/E/G ratio of 2.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm's 50-day moving average is $408.61 and its 200 day moving average is $393.05.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced 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. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the company posted $4.24 earnings per share. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.46%. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Evercore ISI boosted their price target on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Gordon Haskett began coverage on shares of Casey's General Stores in a report on Monday, November 4th. They set a "hold" rating and a $400.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Casey's General Stores currently has an average rating of "Moderate Buy" and a consensus price target of $424.00.

Casey's General Stores 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.