Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.4% during the fourth quarter, Holdings Channel reports. The firm owned 838,022 shares of the company’s stock after selling 107,364 shares during the period. Clearbridge Investments LLC’s holdings in Casey’s General Stores were worth $332,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CASY. Sanctuary Advisors LLC raised its stake in shares of Casey’s General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after purchasing an additional 3,065 shares in the last quarter. JLB & Associates Inc. lifted its stake in Casey’s General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after purchasing an additional 749 shares during the period. South Dakota Investment Council grew its holdings in shares of Casey’s General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,200 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Casey’s General Stores during the 4th quarter worth approximately $45,224,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Casey’s General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after purchasing an additional 4,458 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is owned by insiders.

Casey’s General Stores Price Performance

Shares of CASY opened at $432.00 on Friday. The business has a 50-day simple moving average of $413.35 and a two-hundred day simple moving average of $402.99. Casey’s General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $445.17. The stock has a market cap of $16.04 billion, a PE ratio of 30.10, a PEG ratio of 2.40 and a beta of 0.87. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 EPS. Analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share 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 issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Casey’s General Stores’s dividend payout ratio is 13.94%.

Analyst Ratings Changes

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

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.