Victory Capital Management Inc. Boosts Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Victory Capital Management Inc. boosted its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,649 shares of the company's stock after purchasing an additional 13,387 shares during the quarter. Victory Capital Management Inc. owned about 0.38% of Casey's General Stores worth $55,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CASY. FMR LLC boosted its stake in Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock valued at $393,305,000 after buying an additional 38,226 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Casey's General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after purchasing an additional 119,350 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Casey's General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock worth $246,335,000 after purchasing an additional 8,428 shares during the last quarter. Franklin Resources Inc. lifted its position in Casey's General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after purchasing an additional 174,586 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Casey's General Stores by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 340,231 shares of the company's stock worth $134,810,000 after buying an additional 3,321 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

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Casey's General Stores Stock Performance

NASDAQ CASY traded down $7.37 on Monday, reaching $391.36. 37,885 shares of the stock were exchanged, compared to its average volume of 265,091. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a one year low of $290.00 and a one year high of $445.17. The firm has a market capitalization of $14.53 billion, a PE ratio of 27.34, a PEG ratio of 2.40 and a beta of 0.87. The company's 50-day simple moving average is $410.34 and its two-hundred day simple moving average is $399.46.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the firm earned $4.24 EPS. The company's revenue was down 2.9% on a year-over-year basis. Analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CASY shares. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price target on shares of 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. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Finally, Evercore ISI lifted their price target on 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

Insider Activity

In related news, Director Mike Spanos acquired 500 shares of Casey's General Stores stock in a transaction dated Monday, December 23rd. The shares were purchased 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 directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.