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

Victory Capital Management Inc. grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,262 shares of the company's stock after buying an additional 1,701 shares during the quarter. Victory Capital Management Inc. owned about 0.34% of Casey's General Stores worth $47,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CASY. Janus Henderson Group PLC grew its position in shares of Casey's General Stores by 1.4% in the first quarter. Janus Henderson Group PLC now owns 768,060 shares of the company's stock valued at $244,592,000 after purchasing an additional 10,841 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Casey's General Stores by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company's stock valued at $178,822,000 after acquiring an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Casey's General Stores by 20.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company's stock worth $174,771,000 after purchasing an additional 77,515 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Casey's General Stores in the third quarter worth $959,880,000. Finally, Raymond James & Associates raised its stake in shares of Casey's General Stores by 2.9% in the 3rd quarter. Raymond James & Associates now owns 219,462 shares of the company's stock valued at $82,454,000 after purchasing an additional 6,170 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos acquired 267 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction 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. The trade was a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey's General Stores Price Performance

Shares of CASY traded down $4.31 during midday trading on Friday, reaching $401.40. The stock had a trading volume of 189,526 shares, compared to its average volume of 268,720. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 29.21 and a beta of 0.79. The company's 50-day moving average is $386.44 and its 200 day moving average is $369.51. Casey's General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $420.27.

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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.15 billion. During the same quarter last year, the business earned $4.52 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that Casey's General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 14.56%.

Analyst Upgrades and Downgrades

CASY has been the topic of several recent research reports. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 3rd. Benchmark reaffirmed a "buy" rating and set a $410.00 target price on shares of Casey's General Stores in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lowered shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and lifted their price target for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Evercore ISI boosted their price objective on Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $408.25.

About Casey's General Stores

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.