Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Commerce Bank

Commerce Bank lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,428 shares of the company’s stock after buying an additional 194 shares during the period. Commerce Bank’s holdings in Casey’s General Stores were worth $4,669,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CASY. Mitsubishi UFJ Trust & Banking Corp increased its stake in Casey’s General Stores by 66.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,970 shares of the company’s stock worth $937,000 after acquiring an additional 1,190 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Casey’s General Stores during the 1st quarter worth about $253,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores during the 1st quarter worth approximately $32,000. Price T Rowe Associates Inc. MD raised its holdings in Casey’s General Stores by 9.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 174,421 shares of the company’s stock valued at $55,546,000 after buying an additional 15,535 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Casey’s General Stores by 1.4% during the first quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after buying an additional 10,841 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Gordon Haskett started coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their target price for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Casey’s General Stores Stock Up 2.8 %

Shares of NASDAQ:CASY opened at $427.88 on Friday. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $428.61. 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 firm has a market cap of $15.88 billion, a PE ratio of 31.14 and a beta of 0.79. The company has a fifty day simple moving average of $390.34 and a 200 day simple moving average of $372.51.

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

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was 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.