Segall Bryant & Hamill LLC Increases Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Segall Bryant & Hamill LLC boosted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,872 shares of the company's stock after purchasing an additional 2,679 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.13% of Casey's General Stores worth $18,362,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. OneDigital Investment Advisors LLC raised its holdings in shares of Casey's General Stores by 111.7% during the third quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company's stock valued at $1,504,000 after purchasing an additional 2,113 shares during the period. Aptus Capital Advisors LLC grew its stake in Casey's General Stores by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company's stock valued at $10,736,000 after acquiring an additional 3,776 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Casey's General Stores by 24.0% during the third quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company's stock worth $2,709,000 after purchasing an additional 1,395 shares during the period. Bailard Inc. bought a new position in shares of Casey's General Stores in the 2nd quarter worth $1,021,000. Finally, Marks Group Wealth Management Inc acquired a new stake in Casey's General Stores in the 3rd quarter valued at $5,489,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos purchased 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. This represents a 11.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 9,044 shares of the company's stock, valued at approximately $3,438,890.56. This represents a 24.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

CASY has been the topic of several research reports. Benchmark restated a "buy" rating and set a $410.00 price objective on shares of Casey's General Stores in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. StockNews.com lowered Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 3rd. 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 research note on Friday, September 6th. Finally, Melius Research started coverage on Casey's General Stores in a research report on Monday, September 23rd. They set a "buy" rating and a $435.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Casey's General Stores presently has an average rating of "Moderate Buy" and a consensus price target of $408.25.

Casey's General Stores Stock Performance

Shares of CASY opened at $413.95 on Thursday. Casey's General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $420.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The stock's fifty day moving average price is $388.74 and its two-hundred day moving average price is $371.47. The firm has a market cap of $15.37 billion, a PE ratio of 30.13 and a beta of 0.79.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts' consensus estimates of $4.54 by $0.29. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business earned $4.52 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Casey's General Stores, Inc. will post 14.24 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey's General Stores's dividend payout ratio is currently 14.56%.

Casey's General Stores 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.