Cynosure Group LLC Sells 84 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Cynosure Group LLC lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,029 shares of the company’s stock after selling 84 shares during the quarter. Cynosure Group LLC’s holdings in Casey’s General Stores were worth $387,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the third quarter valued at about $959,880,000. Millennium Management LLC lifted its holdings in Casey’s General Stores by 3,846.1% in the second quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after buying an additional 176,920 shares during the period. Bridges Investment Management Inc. grew its holdings in Casey’s General Stores by 110.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock worth $67,609,000 after acquiring an additional 92,813 shares during the period. American Century Companies Inc. raised its position in shares of Casey’s General Stores by 189.1% in the 2nd quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock worth $50,509,000 after acquiring an additional 86,582 shares in the last quarter. Finally, EULAV Asset Management lifted its stake in shares of Casey’s General Stores by 196.3% in the 3rd quarter. EULAV Asset Management now owns 128,000 shares of the company’s stock valued at $48,091,000 after purchasing an additional 84,800 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 1.3 %

CASY opened at $420.98 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 30.64 and a beta of 0.79. The company’s 50-day moving average price is $392.28 and its two-hundred day moving average price is $374.41. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the business posted $4.52 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current year.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos bought 267 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the purchase, the director now directly owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 73,838 shares in the company, 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. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CASY. Deutsche Bank Aktiengesellschaft raised their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Melius Research started coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Evercore ISI lifted their price target on Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.