Thrivent Financial for Lutherans Buys 33,376 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Thrivent Financial for Lutherans grew its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,736 shares of the company's stock after buying an additional 33,376 shares during the period. Thrivent Financial for Lutherans owned 0.68% of Casey's General Stores worth $94,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. AdvisorNet Financial Inc raised its holdings in shares of Casey's General Stores by 10.1% during the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company's stock valued at $121,000 after buying an additional 29 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Casey's General Stores by 22.5% during the third 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 last quarter. Verus Capital Partners LLC raised its holdings in shares of Casey's General Stores by 3.1% during the third quarter. Verus Capital Partners LLC now owns 991 shares of the company's stock valued at $372,000 after buying an additional 30 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Casey's General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock worth $405,000 after purchasing an additional 34 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Casey's General Stores by 0.3% during the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company's stock worth $4,872,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.8 %

Shares of NASDAQ CASY traded up $3.20 during mid-day trading on Monday, reaching $404.60. The company had a trading volume of 164,944 shares, compared to its average volume of 268,254. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $420.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a market capitalization of $15.02 billion, a PE ratio of 29.45 and a beta of 0.79. The stock's 50 day moving average is $387.19 and its 200-day moving average is $370.48.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly 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. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. Casey's General Stores's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.52 earnings per share. As a group, equities analysts anticipate that Casey's General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The firm 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. This represents a $2.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, November 1st. Casey's General Stores's payout ratio is 14.56%.

Insiders Place Their Bets

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company's stock in a transaction dated 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 directly owns 9,044 shares in the company, valued at $3,438,890.56. This represents a 24.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CASY. Deutsche Bank Aktiengesellschaft upped their target price on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 3rd. Melius Research began coverage on Casey's General Stores in a research report on Monday, September 23rd. They set a "buy" rating and a $435.00 price objective for the company. Benchmark reiterated a "buy" rating and set a $410.00 price objective on shares of Casey's General Stores in a research report on Tuesday, September 10th. Finally, Gordon Haskett began coverage on Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $408.25.

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.