Sigma Planning Corp Sells 1,714 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Sigma Planning Corp cut its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 21.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,146 shares of the company's stock after selling 1,714 shares during the period. Sigma Planning Corp's holdings in Casey's General Stores were worth $2,309,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc raised 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 during the period. V Square Quantitative Management LLC grew its stake 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. Oppenheimer & Co. Inc. lifted its position in shares of 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. raised its holdings in shares of Casey's General Stores by 12.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 354 shares of the company's stock worth $133,000 after purchasing an additional 39 shares during the period. Finally, Prairie Wealth Advisors Inc. grew its position in shares of 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 valued at $1,730,000 after purchasing an additional 40 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos acquired 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Mike Spanos purchased 267 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey's General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares of the company's stock, valued at approximately $27,655,284.52. This trade 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 owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CASY shares. Royal Bank of Canada raised their target price on shares of 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. Benchmark reissued a "buy" rating and set a $410.00 price target on shares of Casey's General Stores in a report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and raised their price target for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Melius Research began coverage on shares of Casey's General Stores in a research note on Monday, September 23rd. They issued a "buy" rating and a $435.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded up $6.09 during midday trading on Tuesday, reaching $417.06. 187,186 shares of the stock traded hands, compared to its average volume of 269,225. 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 company's 50 day moving average is $383.05 and its 200 day moving average is $367.39. Casey's General Stores, Inc. has a one year low of $266.56 and a one year high of $420.27. The stock has a market capitalization of $15.48 billion, a PE ratio of 29.91 and a beta of 0.79.

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

Casey's General Stores Dividend Announcement

The business 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 dividend yield of 0.48%. The ex-dividend date 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.