Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 38.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 127,153 shares of the company's stock after selling 80,244 shares during the period. Teacher Retirement System of Texas owned about 0.34% of Casey's General Stores worth $50,382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. YANKCOM Partnership purchased a new position in Casey's General Stores in the fourth quarter valued at about $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Casey's General Stores during the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its position in Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after acquiring an additional 52 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Performance

NASDAQ CASY traded up $4.92 on Tuesday, reaching $417.42. 345,212 shares of the company's stock traded hands, compared to its average volume of 268,781. Casey's General Stores, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $445.17. 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 has a market cap of $15.49 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.40 and a beta of 0.87. The stock has a 50 day moving average price of $410.60 and a 200-day moving average price of $401.67.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 EPS. Equities research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey's General Stores's payout ratio is 13.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Evercore ISI lowered their price target on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $423.09.

Insider Activity

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of Casey's General Stores stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. This trade represents a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company's stock.

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.